Three Important Aspects of Product Life Cycles Are (1)their Length,(2)the

question 215

Multiple Choice

Three important aspects of product life cycles are (1) their length,(2) the shape of their sales curves,and (3) the rate at which

• A)consumers switch brands.
• B)consumers adopt products.
• C)consumers use word-of-mouth.
• D)competitors create rival offerings.
• E)environmental forces change the environment.

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Definitions:

Next Customer

The following or upcoming client to be served or attended to in a service setting.

Probability

A measure of the likelihood that an event will occur.

Mutually Exclusive

Events or propositions that cannot both occur or be true at the same time.

P(A)

The probability of event A occurring in a given statistical experiment or context.