When a product reaches the decline stage of the product life cycle, a firm has two choices. one choice involves product deletion, where a product is dropped from a firm's product line. another less drastic choice is to retain the product in the product line, but to reduce marketing costs. when this option called is selected, advertising expenditures for the product are reduced and salespeople do not devote their efforts to selling the product.

a. decline maintenance
b. customer need maintenance
c. divestment
d. maturity re-development
e. harvesting

Ann and jack have been partners for several years. their​ firm, a​ & j tax​ preparation, has been very​ successful, as the pair agree on most​ business-related questions. one​ disagreement, however, concerns the legal form of their business. for the past two​ years, ann has tried to convince jack to incorporate. she believes that there is no downside to incorporating and sees only benefits. jack strongly​ disagrees; he thinks that the business should remain a partnership forever. ​ first, take​ ann's side, and explain the positive side to incorporating the business. ​ next, take​ jack's side, and state the advantages to remaining a partnership. ​ lastly, what information would you want if you were asked to make the decision for ann and​ jack? which of the following statements are the advantages of a partnership compared to a​ corporation? ​(choose all that​ apply.) a. less expensive to organize. b. ownership is readily transferable. c. lower income taxes. d. owners have limited liability. e. long life of firm.