Which Type of Product Has a Product Life Cycle Curve

question 153

Multiple Choice

Which type of product has a product life cycle curve that is a steep up-and-down curve because consumers rapidly adopt and then abandon the product?

• A)high-learning products
• B)slow-learning products
• C)low-learning products
• D)fashion products
• E)fad products

---

Definitions:

Fiscal Year

A 12-month period that a company or government uses for accounting purposes and preparing financial statements, which may not align with the calendar year.

Liquidity Position

A financial metric used to determine how easily a company can pay off its short-term liabilities with its liquid assets.

Depreciation

The method in accounting of distributing a physical asset's cost throughout its service life.

FIFO Method

First-In, First-Out method is an inventory valuation approach where goods purchased or produced first are sold or used first.