To Avoid the Declining Stage of the Product Life Cycle

question 31

Multiple Choice

To avoid the declining stage of the product life cycle, a consumer electronics company used its smartphone technology to create a handheld computer. This can BEST be described as ________.

• A)creating new markets
• B)extending technology
• C)creating a new use
• D)repackaging

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Definitions:

Sales Taxes

Taxes imposed by governmental entities on sales of goods and services, typically collected at the point of sale from the consumer.

Regressive

Referring to a tax system where the tax rate decreases as the taxable amount increases, placing a higher relative burden on lower-income earners.

Progressive

Pertaining to political, social, or economic beliefs favoring or promoting changes, reforms, or innovations.

Personal Taxes

Taxes levied on individuals based on their income, wealth, or property ownership, affecting disposable income and purchasing power.