What Are the Different Ways in Which Firms Can Extend

question 52

Essay

What are the different ways in which firms can extend a product's lifecycle? Explain any one of them.

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Definitions:

Dominant

Exhibiting authority or influence over others; in genetics, it refers to an allele that expresses its phenotype even in the presence of a recessive allele.

Testosterone

A steroid hormone that plays a key role in the development of male reproductive tissues and the promotion of secondary sexual characteristics such as muscle and bone mass.

Personality

Personality encompasses the characteristic patterns of thoughts, feelings, and behaviors that make a person unique, influencing how they interact with the world and manage emotions.

Choleric

One of the four traditional temperaments, characterized by a quick, hot temper and a strong, energetic personality.