Formative and Summative Evaluation Mean the Same Thing and the Terms

question 55

True/False

Formative and summative evaluation mean the same thing and the terms can be used interchangeably.

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Definitions:

Growth Stage

The stage of the product life cycle characterized by increases in sales, profits, and competition.

Trade Promotion

Marketing campaigns or incentives aimed at wholesalers or retailers to encourage them to stock and sell more of a product or service.

Financial Losses

The reduction in monetary value or resources, typically resulting from investments, business operations, or unforeseen circumstances.

Premium

A promotional item that is given as an incentive for performing a particular act, typically buying a product.