Sales of XYZ Corporation's digital video cameras are rising rapidly, profits are peaking, and competitors are entering the market. XYZ is able to maintain its market lead. Judging from this example, the digital video camera is in which stage of the product life-cycle?
A) Introduction
B) Decline
C) Maturity
D) Growth
E) Evaluation
Question 2 - Total quality management (TQM) has several components, but ___ is not one of them.
A) continuous supervision of employees
B) employee participation
C) customer satisfaction
D) continuous quality improvement
Question 3 - Which of these is not a characteristic of transformational leaders, according to the research of Bass and Burns?
A) Provides a positive influence that elicits employee trust
B) Motivates and inspires employees to understand the importance of their jobs and to work together to achieve the organization's vision and goals
C) Discourages employees from using their own intellectual abilities to solve problems
D) Coaches and develops individual employees to help them reach their potential for personal growth as well as for the benefit of the organization
Question 4 - The separation of a manufacturing process into distinct tasks and the assignment of different tasks to different individuals is called
A) specialization.
B) entrepreneurship.
C) free market.
D) barter.
E) factory manufacturing.
Question 5 - The product life-cycle stage in which there is a rapid sales increase, other firms have begun to market competing products, and lower unit costs and an overall tendency toward increased profit prevail is called
A) growth.
B) extension.
C) introduction.
D) decline.
E) maturity.
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