A Manufacturer with a Product in the Decline Stage of the Product

question 37

Multiple Choice

A manufacturer with a product in the decline stage of the product life-cycle might decide to ________ if it has reason to hope that competitors will leave the industry.

• A)harvest the product
• B)maintain the product without change
• C)drop the product
• D)search for replacements
• E)delay planning

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Definitions:

Cash Award Raffle

A type of contest where participants can win cash prizes, often through a drawing of lots or numbers.

Free Product

A product offered at no cost to the consumer, often used as a marketing strategy to attract users or introduce a new product line.

Crowdsourcing

Crowdsourcing involves obtaining input, ideas, or content by soliciting contributions from a large group of people, especially from an online community, rather than from traditional employees or suppliers.

GPS App

A software application that utilizes the Global Positioning System to provide geographical location and navigation information to users on their devices.