Product Deletion Can Best Be Described as the Process of Deleting

question 181

Multiple Choice

Product deletion can best be described as the process of deleting a product from the product mix when it

• A) is perceived as a failure by top management.
• B) is reviewed negatively by a systematic review board.
• C) increases production costs and decreases profits.
• D) no longer responds to promotional efforts.
• E) no longer satisfies a sufficient number of customers.

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Definitions:

Income Quintile

A statistical measure dividing the population into five equal groups according to income level, to analyze the distribution of income or wealth.

Income Mobility

Refers to the ability for an individual or family to move up or down the economic ladder within a society over time.

Income Quintile

A method of dividing a population into five equal groups based on their income levels.

Lowest Quintile

The segment of a population that falls within the bottom 20% in terms of income distribution or other statistical measurement.