Which of the Following Occurs During the Decline Stage of the Product

question 88

Multiple Choice

Which of the following occurs during the decline stage of the product life cycle?

• A)Sales decrease substantially.
• B)Flanking product lines are added.
• C)The product becomes less vulnerable to changes in the marketing environment.
• D)Promotional support is increased.
• E)Competition becomes intense as more competitors enter the market.

---

Definitions:

System II Thinking

is a mode of thought characterized by more deliberate, conscious, and analytical reasoning, often involving complex judgments or problem-solving.

System I Thinking

A term in psychology that refers to the fast, automatic, intuitive approach of decision-making, as opposed to slow, deliberate, analytical thinking.

Confirmation Bias

The habit of seeking out, understanding, preferring, and remembering data in a manner that validates one's already established views or theories.

Hypothesis Testing

A statistical method that is used in making statistical decisions using experimental data.