According to the authors, managers must accept the ________ of a product.
A)the research team
B)the product life cycle
C)the market segmentation
D)the boss
E)the idea generation

Question

Quizplus · Accepted Answer

The product life cycle refers to the stages that a product goes through from its introduction to the market to its eventual decline. Managers need to accept the fact that all products have a limited lifespan and plan accordingly to maximize profits while the product is in its growth phase and before it reaches maturity and decline. Factors such as competition, customer preferences, and technology advancements can all impact the product life cycle.

According to the Authors, Managers Must Accept the ________ of a Product