(D)
66. Life of a product is :
(A) Limited
(B) Unlimited
(C) Static
(D) All of above
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Answer:
limited...
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Life of a product is limited.
Explanation:
- The link between sales volume and earnings is defined by the product life cycle.
- The historical study of the product's (sales) life cycle is known as the product life cycle.
- It contains when it was first presented, when it gained rapid acceptance, when it reached the pinnacle of its position, when it began to decline from the pinnacle, and when it vanished.
- In reality, no product can satisfy consumers' demands and desires for an indefinite period of time. As a result, its sales and profitability fluctuate over time.
- The ability of a product to match market expectations can influence its lifespan. It lasts or exists as long as its users are satisfied.
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