To Say That a Product Has a Life Cycle Is

question 84

Multiple Choice

To say that a product has a life cycle is to assert four things. Which of the following assertions impacts marketing, financial, manufacturing, purchasing, and human resource responsibilities in a company?

• A) Products require different strategies in each life-cycle stage.
• B) Products have a limited life.
• C) Product sales pass through distinct stages, each posing different challenges, opportunities, and problems to the seller.
• D) Profits rise and fall at different stages of the product life cycle.
• E) All products have a life-cycle.

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Definitions:

Business Messages

Communication conveyed through various channels that is related to the operations, products, services, and strategies of a business.

Chatting

Engaging in informal conversation or talk, especially on the internet or via texting.

Customers

Individuals or organizations that purchase goods or services from a company.

Written Media

Forms of communication expressed through writing, including books, articles, emails, and social media posts.