________ is used to study the course of a product's sales and profits for the duration that it is produced and sold in the market.
A) A sequential product development process
B) A product life cycle
C) Business analysis
D) Vendor analysis
E) Portfolio analysis

Question

Quizplus · Accepted Answer

A product life cycle is a model that describes the stages a product goes through from its initial development to its decline in the market. It includes the introduction, growth, maturity, and decline phases, and is used to study a product's sales and profits during its entire lifespan. The other options, such as sequential product development process, business analysis, vendor analysis, and portfolio analysis, are not specifically designed to study a product's sales and profits throughout its life cycle.

________ Is Used to Study the Course of a Product's