In the Final Stage of the Maturity Phase of the PLC,the

question 60

Multiple Choice

In the final stage of the maturity phase of the PLC,the market _______.

• A)Picks up steam as it moves to the decline stage
• B)Begins to feel the pressure of overcapacity and the market starts to lose customers
• C)Begins to see price-only buyers move in and challenge existing producers to add more features to the product
• D)Begins to feel the pressure of global manufacturing and moves to go international
• E)None of these

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Definitions:

Net Profits

The amount of money remaining after all operating expenses, taxes, and dividends have been deducted from total revenue.

Goods and Services

These are the products and activities that are available for purchase by consumers, including tangible items and intangible services.

Labor Supply

The total hours of work that workers are willing and able to provide at a given wage rate in a certain period.

Unit Elastic

Describes a supply or demand curve where a given percentage change in price causes an equal percentage change in the quantity demanded or supplied.