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.

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Definitions:

Housing Prices

The monetary value attributed to residential dwellings, often influenced by location, size, amenities, and market conditions.

Monopolies

Market situations in which a single company or entity has exclusive control over the supply of a particular good or service.

Positive Profits

Financial gain experienced by a business when the total revenue exceeds the total costs and expenses incurred in producing goods or services.

Demand Fluctuates

Demand fluctuates refers to the constant variations in consumer desire for products or services, which can be influenced by factors like season, price, and trends.