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When a Product Reaches the Decline Stage of the Product

question 185

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When a product reaches the decline stage of the product life cycle, a firm has two choices. One choice involves product deletion-dropping it from a firm's product line. The other is called ________, which retains the product in the product line but reduces marketing costs.


Definitions:

Social Organization

The structured patterns of relationships and roles that arise in any society, dictating how individuals and groups interact.

Kinship

A network of relatives into which individuals are born and married, and with whom they cooperate based on customarily prescribed rights and obligations.

Jirgas

Traditional assemblies of leaders in some Pashtun and Baloch communities used for decision-making and resolution of disputes.

Tribal Leaders

Individuals who hold a position of authority or leadership within a tribe, often responsible for decision making and governance.

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