The Product Life Cycle Consists of ________ Stages

question 61

Multiple Choice

The product life cycle consists of ________ stages.

• A) 3
• B) 4
• C) 5
• D) 6

---

Definitions:

Saving

The portion of income not spent on current consumption, often put aside for future use or investments.

Disposable Income

Funds available to households for saving and spending once income taxes are deducted.

APC

Average Propensity to Consume, which is the fraction of income spent on consumption.

Gross Investment

The total amount of capital expenditure a company spends on maintaining and increasing the scope of its operations.