Product Life Cycle (PLC) Analysis Can Be Useful In

question 31

Multiple Choice

Product life cycle (PLC) analysis can be useful in:

• A)Developing an external/internal strategy matrix.
• B)Identifying long-term competitive disadvantages.
• C)Selecting strategic alternatives based on the principle that all products and services go through several distinct stages.
• D)Identifying threats posed by competitors supplying or producing identical products.

Understand the concept and implications of different power bases in social and consumer behavior.

Recognize the influence of reference and aspirational groups on consumer decisions.

Identify strategies used by brands to shift consumer perception and behavior.

Analyze the role of conformity and nonconformity in consumer behavior and group dynamics.

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Definitions:

P2P Network

A decentralized network architecture where each participant, or peer, shares part of their resources directly with other peers without requiring central coordination by servers.

Network Operating System

Software that manages network resources and enables multiple computers to communicate, share files and hardware resources, and provide services to each other over a network.

Specialized Software

Software designed for a specific task or industry, offering features and functionalities unique to its intended purpose.

Wireless Network Connections

Connections between devices that communicate and exchange data without physical wires, using radio frequency signals.