In the concept testing stage for a new product, you would Multiple Choice examine competitors' products to get ideas for a new product. conduct an informal survey of consumers to find out what they think of the new product idea. conduct a test market to determine if the product meets sales and profit objectives. analyze consumers' preferences for different features and product configurations. develop a working prototype of the product.

Explain whether each of the following events increases or decreases the money supply. a. the fed buys bonds in open-market operations. b. the fed reduces the reserve requirement. c. the fed increases the interest rate it pays on reserves. d. citibank repays a loan it had previously taken from the fed. e. after a rash of pickpocketing, people decide to hold less currency. f. fearful of bank runs, bankers decide to hold more excess reserves. g. the fomc increases its target for the federal funds rate.

Which of the following is not a characteristic of a weak economy? a. a low employment rateb. a high inflation ratec. a decreased gdpd. a high unemployment rate

Why is investing in a mutual fund less risky than investing in a particular company’s stock?