Question 1- With reference to chapter 9, answer the following multiple choices (Total 20 points, 4 points for each): True False 1. Acquisition refers to the buying of a whole company, a patent, or a license to produce someone else's product True False 2. Companies sometimes skip test marketing to take advantage of fast-20, changing market developments to copy their competitor product. True False 3. Growth is a period of slow sales growth as the product is introduced in the market. True False 4. Product concept is an idea for a possible product that the company can see itself offering to the market True False 5. Some new products fail because of poor product positioning