Greta Has Been Analyzing the Competitive Standings of One of Her

question 111

Multiple Choice

Greta has been analyzing the competitive standings of one of her products.Since she began her operation,20 similar products have appeared,forcing her to change distribution strategies.Greta has also needed to change pricing strategies in order to remain competitive.Sales volume has dipped,and she suspects sales of her product have reached a saturation level.At what stage of the product life cycle is this item?

• A)decline stage
• B)growth stage
• C)maturity stage
• D)introductory stage

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Definitions:

Resource Supplies

The availability of materials, goods, or services that can be used to support life, industry, or economic activity.

Replacement-level Fertility

The fertility rate that maintains a population's size across generations, usually about 2.1 children per woman in most developed countries.

Average Replacement-level

The fertility rate at which a population exactly replaces itself from one generation to the next, without migration.

Actual Average

The true or exact mean calculated from a set of data, as opposed to an estimated or theoretical average.