Which of the Following Is One Reason for the Decline

question 46

Multiple Choice

Which of the following is one reason for the decline in aggregate demand that led to the recession of 2008-2009?

• A)high oil prices
• B)an increase in investment
• C)a drop in net exports
• D)a decline in government spending
• E)a decline consumer spending

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Definitions:

Product Life Cycle

The progression through various stages from introduction to growth, maturity, and decline that most products go through.

Growth Stage

The phase in a product's life cycle characterized by rapid sales growth, increased marketing, and the emergence of competitors.

Repeat Purchasers

Customers who buy a product or service more than once, indicating loyalty or satisfaction with the brand or item.

Penetration Pricing

A pricing strategy where a product is offered at a lower price than competitors to quickly gain market share.