All Products Go Through a Product Life Cycle of ________

question 257

Multiple Choice

All products go through a product life cycle of ________ stages:

• A) two; new and improved.
• B) two; growth and decline.
• C) three; new, improved, and obsolete.
• D) four; awareness, interest, trial, and adoption.
• E) four; introduction, growth, maturity, and decline.

---

Definitions:

Preferred Stock

A class of ownership in a corporation that has a higher claim on its assets and earnings than common stock, usually entailing dividend payments before dividends are distributed to common stockholders.

Cash Flow

The total amount of money being transferred into and out of a business, particularly concerning liquidity.

Cash Flow Statement

A financial statement that summarizes the amount of cash and cash equivalents entering and leaving a company.

Common Stock

A type of equity security that represents ownership in a corporation and entitles the holder to a claim on part of the company's profits in the form of dividends.