When Thinking About the Product Life Cycle, a Good Manager

question 143

Multiple Choice

When thinking about the product life cycle, a good manager knows that:

• A) Sales and profits for individual brands always follow the same life cycle pattern as industry sales and profits.
• B) The only stage in which products are introduced is the market introduction stage.
• C) All products will eventually earn a profit.
• D) A product that is mature in one market may be in the growth stage in another international market.
• E) None of these alternatives is correct.

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Definitions:

Polarity

The characteristic of having two opposed attributes or poles, commonly used in reference to the direction of electrical current or magnetism.

Ohm's Law

A fundamental principle in electrical engineering that states the current through a conductor between two points is directly proportional to the voltage across the two points and inversely proportional to the resistance.

Resistive Circuit

A type of electrical circuit that consists solely of resistors and obeys Ohm's Law, designed for applications where resistance is the primary concern.

Lenz's Law

A principle stating that an induced electrical current will flow in a direction that opposes the change causing it.