The Stages a Product Goes Through from the Time It

question 50

Multiple Choice

The stages a product goes through from the time it is first introduced to the market until it is taken off the market is called:

• A)the positioning cycle.
• B)total product management.
• C)the product life cycle.
• D)the adoption process.
• E)the business life cycle.

---

Definitions:

Median

The middle value in a list of numbers sorted in ascending or descending order, or the average of the two middle numbers when the list has an even number of values.

Mathematical Average

The sum of a list of numbers divided by the count of numbers in the list, commonly referred to as the mean.

Median

The middle value in a data set when it is arranged in ascending or descending order, effectively dividing the data set in half.

Set Of Data

A collection of values or observations, that can be analyzed to find patterns and draw conclusions.