Generally, the Average Length of Time It Takes for a Product

question 177

Multiple Choice

Generally, the average length of time it takes for a product category to move from the introduction stage of its product life cycle to the decline stage is:

• A)5-10 years.
• B)20 years.
• C)18 months.
• D)unpredictab le.

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Definitions:

M-form Design

An organizational structure characterized by a decentralized decision-making process, divided into semi-autonomous divisions each responsible for its own profit and loss.

Organization Design

Organization design involves the creation of the role, processes, and structure of an organization to ensure it can meet its objectives and strategy effectively.

Multinational Corporation

A company that operates in multiple countries, managing production or delivering services in more than one country.

Continuous Training

The ongoing process of providing employees with the necessary skills and knowledge to perform their jobs effectively, adapting to new technologies and changing industry standards.