All of the Following Are True About the Length of Product

question 268

Multiple Choice

All of the following are true about the length of product life cycles except which?

• A)The length of service life cycles is typically longer than those for tangible products.
• B)There is no set time that a product takes to move through its life cycle.
• C)Technological change shortens product life cycles as new products replace existing ones.
• D)The use of mass media tends to shorten product life cycles.
• E)Consumer products have shorter life cycles than business products.

---

Definitions:

Consideration

The value (such as money, goods, or services) that is exchanged between parties in a contract.

Contractual Obligation

A duty or commitment that a party is bound to fulfill as per the terms of a contract.

Resurface Driveway

The process of repairing and overlaying the existing pavement of a driveway with new material to restore its surface.

Essential Elements

Fundamental components or factors that are necessary to form or define a particular entity or concept.