Which of the Following Stages of the Product Life Cycle

question 103

Multiple Choice

Which of the following stages of the product life cycle is characterized by a peak in sales and a high number of competitors and competitive products but a gradual decline in profits?

• A)introduction
• B)growth
• C)maturity
• D)decline
• E)initiation

---

Definitions:

Performance Evaluation

The systematic process of assessing and documenting an employee's work performance and providing feedback.

Central Tendency Bias

The tendency to rate all objects or individuals as average on a scale, avoiding extreme assessments.

Rater Bias

The tendency of assessors, such as managers or supervisors, to make inaccurate appraisals of others due to personal bias or preconceptions.

Performance Appraisal System

A formal process by which an employee's job performance is assessed, typically involving evaluation against predefined objectives and providing feedback for development.