Which of the Following Is Characteristic of the Boom Stage

question 46

Multiple Choice

Which of the following is characteristic of the boom stage in the life cycle of a product?

• A) Most customers are unaware of the offerings.
• B) Many firms close down.
• C) Firms begin to compete on features and prices.
• D) Established firms must find new approaches to improve the business.

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Definitions:

Echoic Memory

A type of sensory memory that retains audio information for a short period after the original sound has ceased.

Iconic Memory

A component of the visual memory system which includes a very brief (<1 second), pre-categorical, high-capacity memory store.

Sensory Memory

The shortest-term element of memory that acts as a buffer for stimuli received through the senses.

Atkinson and Shiffrin

Psychologists who proposed a model of memory in the 1960s, known as the multi-store or modal model, which includes the sensory register, short-term memory, and long-term memory.