The Sales of a Product Are Rising Rapidly and Profits

question 23

Multiple Choice

The sales of a product are rising rapidly and profits are peaking. This product is in the _____ stage of the product life cycle.

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

---

Definitions:

Observers

Individuals who watch or take notice of events or behaviors, often for the purpose of recording information or making judgments.

Fundamental Attribution Error

The tendency to attribute others' actions to their character or personality while underestimating situational influences.

Defensive Attribution

A cognitive bias that leads individuals to attribute more blame to victims of misfortune than is warranted, often to believe that such events would not happen to themselves.

Illusory Correlation

The perception of a relationship between two variables when no such relationship exists, often a result of cognitive biases.