The Product Life Cycle, as Opposed to the Competitive Advantage

question 80

Multiple Choice

The product life cycle, as opposed to the competitive advantage life cycle:

• A)helps an entrepreneur visualise the sales and profits of a product from the time it is introduced until it is no longer on the market.
• B)details when a strength can be used in the market and when not to attack a rival.
• C)reflects sales trends for the company's multiple products or services.
• D)is based on the overall sales of the total product or service line.

---

Definitions:

Founded

Established or initiated something, such as an organization, company, or institution, at a certain point in time.

Quebec City

The capital city of the Canadian province of Quebec, known for its rich history and French cultural heritage.

Professionalization

Occurs to the degree that certain levels and types of schooling are established as criteria for gaining access to an occupation.

Occupational Inflation

The devaluation of job titles and qualifications as more individuals enter certain professions, leading to increased requirements for the same positions.