When a product experiences sales revenue and profit increases, reaches a peak, and then declines, it goes through what is called
A) cyclical phases.
B) roller coaster revenue.
C) product stages.
D) product growth and decline.
E) product life-cycle.

Question

Quizplus · Accepted Answer

The described pattern of sales revenue and profit increases, reaching a peak, and then declining is characteristic of the product life-cycle. The product goes through various stages, including introduction, growth, maturity, and decline. This is a common phenomenon in the lifecycle of most products, and describes the pattern of sales and profit over time.

When a Product Experiences Sales Revenue and Profit Increases, Reaches