When a Business Finds Itself Squeezed Out of a Market

question 134

Multiple Choice

When a business finds itself squeezed out of a market for a product or loses interest in that product, it is a sign of being in the ____ stage of the product life cycle.

• A) maturity
• B) growth
• C) introduction
• D) market reduction
• E) decline

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Definitions:

Risky Shift

The tendency for group members, after discussion and interaction, to engage in riskier behavior than they would while alone.

Organizational Ritualism

A situation in which rules become ends in themselves rather than means to an end.

Normative Organizations

These are groups individuals voluntary join due to shared interests or values, such as charities or religious organizations.

National LGBTQ Task Force

An advocacy group working towards equality and freedom for LGBTQ individuals through policy change, promoting civil rights and social justice.