Question : Which of the following is NOT a stage in the product life cycle?
Option 1: Introduction
Option 2: Growth
Option 3: Maturity
Option 4: Decline
Correct Answer: Decline
Solution : The correct answer is (d) Decline.
Decline is the stage when sales start to decline due to changes in customer preferences, market saturation, technological advancements, or the emergence of new products. Companies may decide to discontinue the product or make significant changes to revitalize sales.
Question : During which stage of the product life cycle is there a rapid increase in sales and profits?
Question : Which of the following is not a merit of divisional structure?
Option 1: Leads to product specialisation
Option 2: Provides greater accountability
Option 3: Helps in expansion and growth
Option 4: Departmental conflicts
Question : Which of the following is not the factor affecting working capital requirements?
Option 1: Business cycle
Option 2: Growth prospectus
Option 3: Level of competition
Option 4: Inflation
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