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A Product Is Introduced into a Market,gains the Acceptance of a Fickle

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A product is introduced into a market,gains the acceptance of a fickle public,and finally is supplanted by a new and improved offering.This phenomenon is known as the:


Definitions:

Taxable Yield

The yield on an investment before the adjustment for taxes, representative of the income an investor would receive if it were not taxed.

Tax Bracket

A range of incomes taxed at a particular rate, with the tax system being progressive, meaning the rate increases as income does.

Market Value Weighted Index

An index in which each constituent is weighted according to its market value, so larger companies have a bigger impact on the index's performance.

Index Value

The total value of all the stocks or securities within a specific index, representing the performance of a particular market or market segment.

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