To Handle Products in the Decline Stage of the Product

question 157

Multiple Choice

To handle products in the decline stage of the product life cycle,companies often use either:

• A)diversification or building.
• B)harvesting or contracting.
• C)deletion or harvesting.
• D)deletion or diversification.

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Definitions:

Static Process

A process or condition that remains constant or unchanged over time, lacking in dynamic or evolutionary development.

Cognitive Development

The process by which individuals acquire and understand knowledge through thought, experience, and the senses.

Preoperational Stage

A stage in Piaget's theory of cognitive development, occurring from about ages 2 to 7, characterized by symbolic thought but limited by egocentrism and a lack of logical operations.

Difference-Equals-Deficit Error

The mistaken belief that a deviation from some norm is necessarily inferior.