How Can a Firm Increase the Life of a Product

question 23

Multiple Choice

How can a firm increase the life of a product without involving product changes?

• A) Product extension
• B) Product adaption
• C) Rebranding
• D) New product placement
• E) Reintroduction

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Definitions:

Katz

Refers to the psychologist Robert L. Katz, known for his theory identifying three essential management skills: technical, human, and conceptual.

Skills Approach

A leadership perspective that focuses on the abilities and skills that can be developed and improved for effective leadership.

Military Personnel

Members of the armed forces, including soldiers, officers, and other individuals who serve in a country's military organization.

Mumford

Refers to Dr. Michael Mumford, known for his contributions to understanding leadership, creativity, and organizational behavior.