Asked by
Vansak Leang
on Nov 20, 2024
Verified
The product life cycle is theoretically ________ with regard to sales and profits.
A) a straight line
B) Y shaped
C) bell shaped
D) circular
E) perpendicular lines
Theoretically
Pertaining to or based on a theory; an explanation or system of ideas intended to explain something, especially one based on general principles independent of the thing to be explained.
Product Life Cycle
The process through which a product goes from when it is first introduced into the market through its decline or discontinuation.
Sales and Profits
Relates to the revenue generated from goods or services sold by a business and the financial gain remaining after all expenses have been deducted.
- Absorb the theory of the product life cycle, incorporating its phases: introduction, growth, maturity, and decline.
Verified Answer
SG
Learning Objectives
- Absorb the theory of the product life cycle, incorporating its phases: introduction, growth, maturity, and decline.