Greta Has Been Analyzing the Competitive Standings of One of Her

question 102

Multiple Choice

Greta has been analyzing the competitive standings of one of her products.Since she began her operation,20 similar products have appeared,forcing her to change distribution strategies.Greta has also needed to change pricing strategies in order to remain competitive.Sales volume has dipped,and she suspects sales of her product have reached a saturation level.At what stage of the product life cycle is this item?

• A) Introductory stage
• B) Maturity stage
• C) Decline stage
• D) Growth stage

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Definitions:

Outsourcing

The business practice of hiring a party outside a company to perform services or create goods that traditionally were performed in-house by the company's own employees.

Supply Chain

The network of all the individuals, organizations, resources, activities and technology involved in the creation and sale of a product, from the delivery of source materials from the supplier to the manufacturer, and eventually to the end user.

Ethics

The moral standards expected by a society.

Moral Standards

The principles that govern the behavior of individuals and institutions regarding what is right and wrong.