Regarding Product Life Cycles,which of the Following Is FALSE

question 69

Multiple Choice

Regarding product life cycles,which of the following is FALSE?

• A)Industry profits are likely to level off or decline before sales level off.
• B)The level of promotion usually decreases in the market maturity stage,since there is less revenue to cover the cost.
• C)Many close substitutes are usually competing in the market maturity stage.
• D)It is usually expensive for a new firm to enter in the market maturity stage.
• E)There is downward pressure on prices over time.

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Definitions:

Independence

Independence in statistics means that two events have no influence on each other, indicating that the occurrence of one event does not affect the probability of the other occurring.

Level of Significance

The threshold used in statistical testing to determine whether the observed data is sufficiently inconsistent with the null hypothesis, commonly reported as a p-value.

Blood Type

A classification of blood based on the presence or absence of inherited antigenic substances on the surface of red blood cells.

Gender

Socially constructed roles, behaviors, expressions, and identities of girls, women, boys, men, and gender-diverse people.