There Is No Set Time That a Product Takes to Move

question 257

Multiple Choice

There is no set time that a product takes to move through its life cycle. But, as a rule,

• A)services do not have a life cycle like products do.
• B)consumer products have shorter life cycles than business products.
• C)business products have shorter life cycles than consumer products.
• D)technological change tends to lengthen product life cycles.
• E)product life cycles are longer for ideas than for services.

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Definitions:

Thorough Diagnosis

An in-depth analysis or assessment of a situation to identify problems or areas for improvement, often prior to taking action or formulating a strategy.

Generic Change Program

A broad-based initiative aimed at implementing change within an organization, not tailored to specific needs.

Time Saving

Strategies or methods that reduce the amount of time needed to complete a task or achieve a goal.

Continuity

The uninterrupted maintenance, operation, or existence of something over a period of time.