Kerry would like to buy a new electric bicycle. He has reviewed them in Bicycling Magazine and looked at them in stores. He goes to his local bicycle store and asks about two bikes that he is interested in. The owner shows him those two and then shows him a bike that is getting good reviews, has been promoted extensively by the manufacturer, and has been widely distributed. This model was not reported on in Bicycling Magazine so Kerry was unaware of it, but after reviewing the literature about it and test-riding it, he realizes it is better than the two older models he read about in Bicycling Magazine and took for test drives. What stage of the product life-cycle is this bicycle most likely in?

answer; empowerment and collaboration;

the definition of a small business is an independently owned and operated company that is limited in size and in revenue depending on the industry. a local bakery that employs 10 people is an example of a small business. a manufacturing facility that employees less than 500 people is an example of a small business.

the answer is "b.the increased supply will create a surplus. "

the essential thought behind price controls is straightforward - utilize the power of law to modify the equilibrium of a market. for instance, the legislature may choose that the steel business needs to survive, and in this way pass a law to set a value floor on steel. this implies all steel sold must offer at or over the floor value, which must be set over the equilibrium cost for it to have any impact. the switch could likewise happen - the administration can choose that steel is excessively costly and set a value roof underneath its equilibrium value, with the goal that all steel must be sold at or beneath that ceiling.