Asked by Morgan Whittle on May 18, 2024
Verified
The product life cycle framework is most likely used by marketers to describe how ________.
A) products and markets function
B) product ideas are developed
C) product quality is measured
D) product testing is handled
Product Life Cycle
The product life cycle is the progression of a product through different stages from introduction to growth, maturity, and decline.
Marketers
Professionals or companies involved in promoting, selling, and distributing a product or service to consumers.
- Comprehend the use of the product life cycle framework in marketing strategy development.
Verified Answer
SG
Shiva GhasemiMay 18, 2024
Final Answer :
A
Explanation :
The product life cycle framework is primarily used by marketers to understand how products and markets function. It describes the different stages a product goes through in terms of sales, revenue, and profit, and helps marketers develop strategies to maximize success at each stage.
Learning Objectives
- Comprehend the use of the product life cycle framework in marketing strategy development.
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