Question: In the initial stage ( Stage I ) , the corporation: Question 8 Answer a . has a product yet to be developed. b .

In the initial stage (Stage I), the corporation:
Question 8Answer
a.
has a product yet to be developed.
b.
needs all its earnings for reinvestment in new assets.
c.
anticipates slow growth in sales and earnings.
d.
is more capable of paying cash dividends.

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