Which of the Following Products Is Most Likely to Be

question 115

Multiple Choice

Which of the following products is most likely to be in the decline stage of its product life cycle?

• A)cookie mixes
• B)wireless mobile phones
• C)funeral caskets
• D)pre-recorded audiocassette tapes

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Definitions:

Merchandise Inventory

Goods held by a company for the purpose of sale to customers in the ordinary course of business.

Accounts Payable

Money owed by a company to its suppliers or creditors for goods and services received.

Total Liabilities

The cumulative amount of all debts and financial obligations a company owes to outside parties.

Accounts Receivable

Receivables from clients to a corporation for merchandise or services that have been supplied but remain unpaid.