Raw: North Korea Celebrates Army's Anniversary

What is the primary focus of the concept of a product?

• The design and aesthetics

• The manufacturing process

• The value and utility it provides

• The marketing strategies

Which of the following is NOT a type of product?

• Digital goods

• Fictional goods

• Industrial goods

• Consumer goods

What stage in the product lifecycle involves introducing the product to the market?

• Decline

• Development

• Introduction

• Growth

During which stage of the product lifecycle does a product experience peak sales?

• Maturity

• Growth

• Decline

• Introduction

What is a key characteristic of the decline stage in a product's lifecycle?

• Rapid sales increase

• Market saturation

• Decreasing demand

• High competition