All Products Are Assumed to Have a Complete Product Life

question 50

Multiple Choice

All products are assumed to have a complete product life cycle. Which of the following is NOT a reason why products ultimately decline?

• A)all consumers' wants and needs inevitably change
• B)emergence of superior competitive products
• C)non-marketing failures of firms
• D)poor marketing

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Definitions:

Internationalization

The process of designing products, services, and strategies in a way that they can easily be adapted to various international markets.

World Economy

An interconnected global system of economic activities, trade, and investment across countries.

Interconnected

Being linked or related in such a way that each element affects or is affected by others.

New Products

Items that have been recently introduced to the marketplace and offer new features, benefits, or improvements over previous versions.