To Handle Products in the Decline Stage of the Product

question 16

Multiple Choice

To handle products in the decline stage of the product life cycle, companies often use either a ________ strategy or a ________ strategy.

• A) divesting; harvesting
• B) diversification; contraction
• C) deletion; harvesting
• D) deletion; diversification
• E) building; divesting

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Definitions:

Discretionary Time

Free time available to an individual after all obligations have been met, allowing for personal interests or relaxation.

Full Time

Employment status where an individual works a minimum number of hours defined as such by their employer, typically around 40 hours per week.

Successfully Saying 'No'

The ability to decline requests or demands effectively and without causing offense, preserving personal boundaries and priorities.

Works Better Under Pressure

Refers to individuals who perform more effectively when faced with deadlines or high-stress conditions.