Which of These Is Concerned with the Changes in the Sales

question 93

Multiple Choice

Which of these is concerned with the changes in the sales volume of a product during its existence?

• A) Portfolio approach
• B) Product life cycle approach
• C) Environmental SWOT analysis
• D) Miles and Snow model
• E) Maslow's hierarchy

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Definitions:

Scientific Management

An early 20th-century theory of management that analyzes and synthesizes workflows, aiming to improve economic efficiency, especially labor productivity.

Reorganization

The process of changing the structure, operations, or processes of an organization to improve efficiency, adapt to new conditions, or achieve specific goals.

Late 19th Century

The period from 1871 to 1900, marked by significant industrial, social, and political changes globally.

Social Darwinism

A theory that applies the concept of survival of the fittest to human societies, often used to justify political conservatism, imperialism, and racism.