In the context of the product life cycle, a long-run drop in a product's sales signals the beginning of the _____

a. introductory stage
b. growth stage

c. maturity stage

d. decline stage

ANSWER: d

A long-run drop in sales signals the beginning of the decline stage. The rate of decline is governed by how rapidly consumer tastes change or substitute products are adopted.

Business

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Compared to primary data which of the following is not an advantage of secondary data:

a) It is often objective b) It is frequently expensive c) These are all advantages of secondary data d) It is often takes a long time to collect

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The essence of the fixed amount requirement is that a holder of an instrument can calculate the

payment required from the face of the instrument. Indicate whether the statement is true or false

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