Which of the Following Observations Concerning the Product Life Cycle

question 76

Multiple Choice

Which of the following observations concerning the product life cycle is FALSE?

• A)Product life cycles are industry sales and profits for a product idea within a particular product-market.
• B)The sales and profits of an individual brand follow the life-cycle pattern.
• C)A product idea may be in a different life-cycle stage in different markets.
• D)A given firm may introduce or drop a specific product during any stage of the product life cycle.

---

Definitions:

Suppress Dissension

The act of preventing or reducing disagreement or opposition, typically within a group or organization.

Deindividuation

A psychological state characterized by diminished self-consciousness, reduced social identity, and disinhibited behavior, often occurring in group settings.

Groupthink

A psychological phenomenon that occurs within a group of people when the desire for harmony or conformity in the group results in an irrational or dysfunctional decision-making outcome.

Self-Serving Bias

The common habit of a person taking credit for positive events or outcomes, but blaming outside factors for negative events.