Generally,the Average Length of Time It Takes for a Product

question 179

Multiple Choice

Generally,the average length of time it takes for a product category to move from the introduction stage of its product life cycle to the decline stage is __________.

• A) 18 months
• B) 5-10 years
• C) 20 years
• D) 30 years
• E) unpredictable

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Definitions:

Delphi Technique

A method of gathering expert opinions and achieving consensus through a series of questionnaires and iterative feedback.

Research Chef

A research chef is a professional who combines culinary arts and food science to develop new recipes, products, and technologies in the food industry.

Competencies

The skills, knowledge, and abilities that individuals possess, which are critical for successful performance at work.

Delphi Technique

A method of forecasting and decision-making through rounds of questionnaires sent to a panel of experts, with the aim of reaching a consensus.