Ortho Products Would Like to Estimate the Length of Time

question 82

Multiple Choice

Ortho Products would like to estimate the length of time that its new product,the Sonar Brush (cleans teeth without touching them) ,will stay in the introductory phase of its product life cycle.What do you tell management?

• A) Time is largely determined by the income level of its target markets.
• B) Time is largely determined by the political and legal environment.
• C) Time is largely determined by the level of relative advantage over what is currently being used.
• D) Time is largely determined by the general economic environment.

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Definitions:

Domestic Supply Curves

Graphical representations of the relationship between the price of a good or service and the quantity of that good or service supplied domestically.

Domestic Demand Curves

Graphical representations showing the quantity of a particular good or service that consumers in a domestic market are willing and able to purchase at various prices.

Import Demand Curves

Graphs showing the quantities of a good that an economy is willing to import at different price levels.

Export Supply Curves

Graphical representations showing the relationship between the price of goods in the international market and the quantity of those goods a country is willing to supply for export.