Which of the Following Is Not One of the Four

question 45

Multiple Choice

Which of the following is not one of the four product life cycle stages?

• A) introduction
• B) stagnation
• C) maturity
• D) growth
• E) decline

---

Definitions:

Sunk Costs

Costs that have already been incurred and cannot be recovered, which should not influence future business or personal decisions.

Escalated Commitment

A pattern of behavior in which an individual or group continues to rationalize their decisions, invest additional resources, and follow a failing course of action.

Risky Shift

The tendency for groups to make riskier decisions than the average risk initially advocated by their individual members.

Faulty Hindsight

The misinterpretation or incorrect analysis of past events, often seeing them as more predictable than they actually were.