Max electronics produces tiny wireless speakers that can be used with computers and mp3 players. the firm has built new factories to expand capacity and meet increasing domestic and foreign demand. over the last six months, foreign and domestic competitors have emerged with a similar product in an attempt to benefit from high consumer demand. max electronics is most likely in the product stage of the product life cycle. group of answer choices

You are the manager of a large crude-oil refinery. as part of the refining process, a certain heat exchanger (operated at high temperatures and with abrasive material flowing through it) must be replaced every year. the replacement and downtime cost in the first year is $165 comma 000. this cost is expected to increase due to inflation at a rate of 7% per year for six years (i. e. until the eoy 7), at which time this particular heat exchanger will no longer be needed. if the company's cost of capital is 15% per year, how much could you afford to spend for a higher quality heat exchanger so that these annual replacement and downtime costs could be eliminated?