Which of the Following Statements About the Product Life Cycle

question 242

Multiple Choice

Which of the following statements about the product life cycle is FALSE?

• A)How long a whole product life cycle takes,and the length of each stage,varies a lot across products.
• B)Although the life of different products varies,on average product life cycles are getting longer.
• C)The greater the comparative advantage of a new product over those already on the market,the more rapidly its sales will grow.
• D)If the product can be tried on a limited basis,without a lot of risk to the customer,it can usually be introduced more quickly.
• E)A product idea may be in a different life-cycle stage in different markets.

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Definitions:

Appeal

The process of challenging a decision made by a court in a higher court to review and possibly reverse the decision.

Stare Decisis

A legal doctrine under which courts are obliged to follow precedents established in previous decisions.

Courts of Chancery

Traditional courts dealing with equity, trusts, estates, and guardianships, distinct from courts of law.

Court of Chancery

A court historically dealing with matters of equity, including trusts, estates, and breaches of fiduciary duty, operating with a foundation in principles of fairness.