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Life cycle phases of a product or service include introduction, growth, maturity, and decline. Why is it important to understand these phases prior to launching a new idea? What types of external forces impact these phases? 5 sentences
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Leading economic indicators help economists to predict what kind of economic conditions to expect in the near future. Navigate to the website of the Federal Reserve Bank of New York at http://www.newyorkfed.organd locate information on Economic Indicators. Describe why leading indicators are relevant in developing forecasts for a business. Would your assumptions change if the leading indicators seemed to show a pending downturn? How might this affect your plans for capital expenditures? Need 6 sentences
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