Which Statement About Products in the Sales Decline Stage of the Product

question 230

Multiple Choice

Which statement about products in the sales decline stage of the product life cycle is true?

• A)Brand managers should phase out this product as quickly as possible.
• B)A declining product may still be profitable for some time and it might be more appropriate to phase out this product gradually.
• C)Customers will always abandon the declining product immediately if an alternative is available.
• D)Phasing out a product at this time is fairly easy,and this strategy will cut future losses.
• E)None of these statements is true.

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Definitions:

Long-term HR Priorities

Strategic human resource objectives focused on achieving sustainable competitive advantage over an extended period.

Leadership Development

The process of enhancing an individual's ability to lead, manage, and guide others within an organization.

Workforce Planning

The process of analyzing, forecasting, and planning workforce supply and demand, assessing gaps, and determining targeted interventions to ensure an organization can meet its goals and objectives.

Downsizing

Activities undertaken to improve organizational efficiency, productivity, and/or competitiveness that affect the size of the firm's workforce, its costs, and its work processes.