51.
If a company believes that the company with the largest market share will enjoy the lowest costs and highest long-run profits, that company will probably choose which of the following pricing objectives as their primary course of action?

57.
Statement (I): The mindset commonly associated with a long-ago era when the demand for goods generally exceeded the supply and primary focus in business was to effectively produce medium quantities of products, finding the customers was viewed as a relatively major function.
Statement (II): The firms with product orientation typically focus on the quality and quantity of offerings while assuming that customers will seek out and buy reasonably priced well-made products.

58.
Which one of the following relates to warranty?

59.
The stage in the product life cycle that focuses on using a cost-plus formula and creating product awareness and trial is the:

60.
The marketing task which finds ways to alter the time pattern of demand through flexible pricing, promotion and other incentives is called