Product Life Cycles

question 9

Multiple Choice

Product life cycles:

• A) are the same for all products
• B) have nothing to do with product profitability
• C) must be considered to effectively plan for production
• D) are computerized bicycles

---

Definitions:

Acceptor

A drawee of a draft who has promised to honor the draft as presented by signing it on its face.

Draft

A written order by which the party creating it orders another party to pay money to a third party. Also called bill of exchange.

Instrument

A formal legal document that serves as evidence of a fact, act, or obligation, such as a deed, will, or contract.

Insane

A term describing severe mental illness or insanity, legally signifying inability to understand or control one's actions.