Regarding Product Life Cycles,which Is TRUE

question 22

Multiple Choice

Regarding product life cycles,which is TRUE?

• A) Industry sales and profits tend to reach their maximum during the market maturity stage.
• B) Product life cycles describe industry sales and profits within some product-market.
• C) Product life cycles are generally getting shorter and cannot be extended.
• D) Every new brand must pass through all four stages of the product life cycle.
• E) All of these alternatives are TRUE.

---

Definitions:

Hedonic Shopping

Shopping activities driven by pleasure seeking and emotional gratification rather than practical or functional needs.

Interpersonal Attraction

A psychological phenomenon involving a positive emotional response or interest towards another individual, which can lead to friendships or romantic relationships.

Shopping Type

Shopping type refers to the categorization of shopping behaviors or modes, such as convenience shopping, bargain hunting, or online shopping, based on shoppers' preferences and habits.

Interpersonal Attraction

The force that draws people together and creates the desire for ongoing relationships, influenced by physical attractiveness, similarity, social exchange, and other factors.