All of the Following Are Leading to Shortened Product Life

question 43

Multiple Choice

All of the following are leading to shortened product life cycles except?

• A) Decreased competition
• B) Changing tastes
• C) Cheaper materials
• D) Technology changes

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Definitions:

Mixed Cost

A cost that contains both variable and fixed cost elements, meaning part of the cost varies with the level of output while part remains fixed.

Fixed Cost

Costs that do not change with the level of production or sales, such as rent, salaries, and insurance premiums.

Curvilinear Fashion

Refers to a curve-shaped pattern of growth, progress, or movement in graphs or data analysis.

Variable Costs

Expenses that fluctuate in direct proportion to the amount of production or the volume of sales, including direct labor costs and raw materials.