A Strategy of Dropping a Product from the Product Line

question 27

Multiple Choice

A strategy of dropping a product from the product line during the decline stage of the product life cycle is referred to as

• A) trimming.
• B) elimination.
• C) paring down.
• D) deletion.
• E) harvesting.

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Definitions:

Important Points

Key or significant facts, issues, or figures that are crucial in understanding or analyzing a situation.

Cluster Sample

A sampling method where the population is divided into groups, or clusters, and a random sample of these clusters is selected for study.

Randomly Select

The process of choosing items or individuals from a population such that each has an equal chance of being chosen.

Sample

A subset of individuals or observations taken from a larger population for the purpose of statistical analysis.