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:

Depreciation

The reduction in the value of an asset over time due to wear and tear or obsolescence.

Dollar

The basic monetary unit used in the United States and other countries, symbolized by $.

Exports

Goods or services produced in one country and sold to buyers in another country.

Financial Account

Refers to a component of a country's balance of payments that records investments and financial transactions, including investments in foreign securities and direct investments.