A Product Life Cycle Is a Description of the Life

question 47

True/False

A product life cycle is a description of the life of a product from the time an early adopter buys it to the time when a laggard perceives a need to buy it.

---

Definitions:

Intelligence Test

A standardized assessment designed to measure human intelligence, often through problem-solving, memory, and verbal reasoning tasks.

Relatively Consistent

Describes something that maintains a general uniformity or regularity, though there may be minor variations or exceptions.

Psychological Tests

Standardized measures designed to quantify behavior, traits, attitudes, and abilities, often used in psychological assessment and research.