Which of the Following Observations Concerning the Product Life Cycle

question 263

Multiple Choice

Which of the following observations concerning the product life cycle is NOT TRUE?

• A) Product life cycles describe industry sales and profits for a product idea within a particular product-market.
• B) The sales and profits of an individual brand follow the life-cycle pattern.
• C) A product idea may be in a different life-cycle stage in different markets.
• D) Product life cycles should be related to specific markets.
• E) A given firm may introduce or drop a specific product during any stage of the product life cycle.

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Definitions:

National Labor Relations Act

A foundational United States law that protects the rights of employees to organize, bargain collectively, and engage in other activities concerning their labor rights.

Workers' Compensation

A form of insurance providing wage replacement and medical benefits to employees injured in the course of employment.

Sexual Harassing

Unwanted and inappropriate actions, comments, or conduct of a sexual nature that creates a hostile or offensive work environment.

Social Plan

A strategy or program implemented by a company to mitigate the effects of restructuring, such as layoffs, on employees.