What Are the Three Stages of a Fad's Lifecycle

question 1

Multiple Choice

What are the three stages of a fad's lifecycle?

• A)introduction,growth,decline
• B)ascendency,maturity,decline
• C)introduction,growth,maturity
• D)ascendency,growth,maturity

---

Definitions:

Savings Account

A deposit account held at a bank or financial institution that provides principal security and a modest interest rate.

Interest Rate

The percentage of a sum of money charged for its use, often expressed annually.

Economic Profits

The surplus gained by a firm when total revenue exceeds total costs, including both explicit and implicit costs, reflecting the financial advantage of a particular course of action.

Accounting Profits

The total revenue of a business minus explicit costs; also known as net income.