The Stage of the Product Life Cycle in Which Demand

question 85

Multiple Choice

The stage of the product life cycle in which demand, and therefore sales, for a product is least is the _____ stage.

• A)embryonic
• B)maturity
• C)growth
• D)decline
• E)saturation

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Definitions:

Marketers

Professionals engaged in promoting and selling products or services, including market research and advertising.

Observation Learning

A type of learning that occurs through observing the behaviors of others and the outcomes of those behaviors, without direct instruction.

Learning

The process of acquiring new understanding, knowledge, behaviors, skills, values, attitudes, or preferences through study, experience, or teaching.

Extinction

in behavior science, refers to the process by which a previously reinforced behavior is weakened by ceasing to provide reinforcement.