Craft Inc'S Krayons Is a Multi-Color Chalk Material That Was Released

question 40

Multiple Choice

Craft Inc.'s Krayons is a multi-color chalk material that was released in the market over a century ago. Since the release, the company has had remarkable sales and Krayons has remained unchanged. However, over the last few years, sales of Krayons have been stagnant. Competitors have begun marking prices down, and increasing their advertising and sales promotions. Craft's Krayons is most likely in the ________ stage of the product life cycle.

• A) introduction
• B) maturity
• C) growth
• D) decline
• E) incubation

---

Definitions:

Divisionalized Form

An organizational structure where operations are segmented into semi-autonomous divisions, each focused on a particular product line or geographic area.

Departmentalization

The process of dividing an organization into different departments or units, each specializing in certain tasks or functions.

Team-Based Structures

Team-based structures are organizational arrangements where work is coordinated and carried out primarily through teams rather than traditional hierarchical lines.

Divisionalized Structures

An organizational structure where operations are segregated based on products, services, markets, or geographical locations.