When Demand for a Product Has Peaked and There Are

question 87

Multiple Choice

When demand for a product has peaked and there are relatively few first-time buyers, the product has entered the ________ stage of the product life cycle.

• A)maturity
• B)decline
• C)saturation
• D)peak

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Definitions:

Power Distance

A cultural dimension that reflects the extent to which less powerful members of organizations and institutions accept and expect power to be distributed unequally.

Stratification

The hierarchical organization of society or an organization into different levels or positions, often based on factors like status, wealth, or power.

Spontaneity

The quality of being performed or occurring as a result of a sudden inner impulse or inclination without premeditation or external stimulus.

Ineffective Leader

A leader who fails to produce the desired outcome, often due to lack of skills, poor decision-making, or inability to motivate and engage the team.