Carrying a Weak Product During the Decline Stage of the PLC

question 170

Multiple Choice

Carrying a weak product during the decline stage of the PLC can be very costly to a firm,and not just in profit terms.Which one of these is NOT likely to be one of those costs?

• A)takes up much of management's time
• B)frequent price and inventory adjustment
• C)requires advertising and salesforce attention
• D)few customer concerns about company image
• E)requires additional financial analysis

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Definitions:

Times A Day

A frequency measure indicating the number of times an event occurs within a single day.

Inferential Statistics

A branch of statistics that uses a random sample of data taken from a population to describe and make inferences about that population.

Descriptive Statistics

Statistical methods that summarize and describe the features of a data set, including measures of central tendency and variability.

Hypotheses

Proposed explanations made on the basis of limited evidence as a starting point for further investigation, often tested statistically.