Which of the Following Is a Factor That Determines a Product's

question 19

Multiple Choice

Which of the following is a factor that determines a product's life cycle stage?

• A)the length of time the product sits in the warehouse before shipping
• B)the product's benefits and the importance of the needs it fulfills
• C)the competitors' compensation structure for salespeople
• D)changes in the product's production method
• E)the length of time a product has been around

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Definitions:

Proprietorship

A business entity owned and run by one individual, where there is no legal distinction between the owner and the business.

Partnership

An unincorporated business form consisting of two or more persons conducting business as co-owners for profit.

Service Business

A form of enterprise offering non-physical goods or services to its clients instead of tangible products.

Pet Groomer

A professional who provides hygiene and aesthetic care for pets, such as bathing, hair cutting, and nail clipping.