As a Product Moves Through Its Product Life Cycle

question 62

Multiple Choice

As a product moves through its product life cycle,

• A)a firm should change its target market-but not its marketing mix.
• B)the competitive situation moves toward monopoly.
• C)industry profits keep increasing along with industry sales.
• D)customers' needs and attitudes may change.
• E)All these answers are correct.

---

Definitions:

Business Intelligence

Refers to technologies, applications, and practices used for the collection, integration, analysis, and presentation of business information to support better decision-making.

Strategic Operations

Actions taken by an organization to implement strategies in order to improve efficiency, effectiveness, and competitiveness in its operations.

Analytic Operations

The execution or management of tasks and processes based on analysis and logical reasoning.

Workforce Analytics

The use of data analysis and statistical methods to understand, improve, and optimize the workforce and its operations.