Which of the Following Statements Is True About Product Life

question 62

Multiple Choice

Which of the following statements is true about product life cycle theory?

• A)The theory was developed in the 1960s when the U.S.was the leader in R&D.
• B)The international system of production is becoming too complicated to be explained by a simple version of the product life cycle theory.
• C)It predicts that over time the U.S.switches from an exporting country of new products to an importing country.
• D)all of the options

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Definitions:

Preselling

The strategy of engaging potential customers or creating demand for a product or service before it is available.

Testing Technique

Methods or strategies used to evaluate the functionality, performance, or reliability of a system, component, or product.

Developed

Refers to a state or condition where something has been advanced, refined, or enhanced, often through deliberate efforts or processes.

Insufficient Data

A situation where the amount of data available is not enough to make a reliable analysis, decision, or conclusion.