There Is No Set Time That a Product Takes to Move

question 308

Multiple Choice

There is no set time that a product takes to move through its life cycle. But as a rule,

• A) services are highly affected by social trends while tangible goods are not.
• B) consumer products have shorter life cycles than business products.
• C) business products typically show very short maturity stages.
• D) technological change tends to lengthen product life cycles.
• E) product life cycles are longer for ideas than for services.

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Definitions:

Impression Management

The process by which individuals attempt to control the impressions others have of them, often through manipulation of information in social interactions.

Erving Goffman

A sociologist known for his work on symbolic interactionism and the concept of the presentation of self in everyday life.

Con Game

A fraudulent scheme perpetrated by one or more individuals to deceive and defraud others, typically for financial gain.

Body Image

A person's perception and attitude towards their physical appearance.