Which One of the Following Occurs Rather Rarely

question 34

Multiple Choice

Which one of the following occurs rather rarely:

• A) firing a few from senior management.
• B) firing the lower level management.
• C) firing the middle management.
• D) firing the CEO.

---

Definitions:

Business

The organized efforts and activities of individuals to produce and sell goods and services for profit.

Competition

Involves businesses contending in the same industry or market to attract customers, increase sales, and gain market share.

Product Life Cycle

The phases a product experiences from its launch, expansion, peak, to reduction in the marketplace.

Maturity Stage

A phase in the product life cycle characterized by a slowdown in sales growth as the product reaches widespread acceptance and faces increased competition.