Which of the Following Statements Is True About Information Technology

question 52

Multiple Choice

Which of the following statements is true about information technology (IT) and the product life cycle?

• A)In the product's embryonic stage, many consumers are entering the market and buying the product for the first time and demand increases rapidly.
• B)In the growth stage, a product has yet to gain widespread acceptance; customers are unsure what a product has to offer, and demand for it is minimal.
• C)The growth stage ends and the maturity stage begins when market demand peaks because most customers have already bought the product.
• D)Once demand for a product starts to fall, the maturity stage begins; this typically occurs when advancing IT leads to the development of a more advanced product, making the old one obsolete.
• E)Products such as desktops and laptops and services such as Internet broadband and digital TV services are currently in the embryonic stage.

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Definitions:

Selection Decision

The process of choosing the best candidate from a pool of applicants or identifying the best option among alternatives.

Spreadsheet Software

Computer programs used to create, edit, and manage data arranged in rows and columns, enabling calculation, graphing tools, and data analysis.

Low Complexity

Describes a situation, project, or system that involves minimal complicating factors, making it simpler to manage or understand.

Estimating Method

Techniques or approaches used to approximate the time, resources, or costs associated with a task or project.