Many Products May Experience Short-Term Fluctuations in Sales,but a Long-Term

question 172

True/False

Many products may experience short-term fluctuations in sales,but a long-term drop in sales probably signifies that a product is in the decline stage of the product life cycle.

---

Definitions:

Market Allocation

A method of distributing goods and services among buyers and sellers wherein prices are determined by supply and demand forces in the market.

Regulatory Agencies

Governmental bodies responsible for overseeing, implementing, and enforcing laws and regulations within specific sectors.

Secondary Effects

The indirect impact of an event or policy that may not be easily and immediately observable. In the area of policy, these effects are often both unintended and overlooked.

Future Crises

Potential, unforeseen events that could lead to severe economic, social, or environmental problems.