First four questions of this questionnaire will be answered, Question 40: Answer

Question

First four questions of this questionnaire will be answered,

Question 40: Answer: D) 40.0

Given that the trend equation is y = 25.3 + 2.1 X,

To find the forecast for the period 7, Substitute X = 7 in above equation, we get,

Forecast = 25.3 + 2.1 (7) = 40

Question 41: Answer: C) maturity

In a typical product life cycle, once the product is established in the market, the next objective is to fine tine the product features and offerings by making product changes or improvements such that it gives competitive advantage over the others.

Question 42: Answer: D) saturation

During the saturation or decline stage, as the market share for a product start shrinking, the firm has to adapt some stringent cost control measures to enable achieve economical production and cheaper market price for the product. This will help the company to gain market share by making customers switching to this product from the competitors.

Question 43: Answer: C) Corporate social responsibility

CSR, refers to Corporate social responsibility, where in the organization integrates a social value with its business operations directly or through social volunteering, charity contributions, etc.

Explanation / Answer

What is being done by the Bill and Melinda Gates Foundation in the following areas:

1. Corporate Social Responsibility

2. Environmental Sustainability

Be specific with examples.

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