Which of the Following Statements About the Decline Stage of the Product

question 334

Multiple Choice

Which of the following statements about the decline stage of the product life cycle is most accurate?

• A) Somewhat paradoxically, in the decline stage, sales decline even though profits increase.
• B) A product always enters the decline stage as the result of a major product flaw or marketing misstep.
• C) A major reason that a firm's product enters the decline stage is as a result of changes in the environment.
• D) The only real step that can be taken to avoid the decline stage and ultimately extinction is to increase marketing expenditures as soon as the product enters its maturity stage.
• E) Service industries are exempt from the decline stage because of their intangible nature.

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Definitions:

Subsistence System

A means by which a society obtains its food and other necessities for survival, often based on hunting, gathering, farming, or herding.

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Transformations in the beliefs, practices, customs, and values of a society or community over time.

Biological Changes

Alterations in the genetics or physiology of living organisms, which can be caused by environmental factors, adaptation, or evolutionary processes.

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Prehistoric remains of Australopithecus, an early genus of hominins known for bipedal locomotion and a significant role in human evolutionary history.