The Product Life Cycle Is Which of the Following

question 90

Multiple Choice

The product life cycle is which of the following?

• A)A product portfolio model, useful in determining future market share growth and market share
• B)A useful tool for conceptualising the changes that may take place during the time that a product is on the market
• C)A segmentation tool used to segment the marketplace, highlighting viable segments that are suitable for targeting
• D)A market research tool, which analyses the usage of a product during its lifetime (e.g. length of usage, how many people have used the product etc.)

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Definitions:

Social Control

Refers to the social sanctions by means of which conformity to cultural guidelines is ensured. It refers to the means by which authorities seek to contain collective action, including co-optation, concessions, and coercion.

Rising Levels

Refers to the increase in a specific parameter or measurements over time, such as sea levels, temperatures, or economic indicators.

Crime

An action or omission that constitutes an offense punishable by law.

Lives

Refers to the existence, experiences, and activities of individuals or groups in various contexts or conditions.