The product life-cycle concept from microeconomics and marketing provides useful insights into the relations among cash flows from operating, investing, and financing activities.Biotechnology firms are in their _____ phase, consumer foods companies are in their _____ phase, and U.S.auto manufacturers are in the _____ phase.
A)introduction; late maturity or the decline; growth
B)growth; mature; late maturity or the decline
C)mature; late maturity or the decline; growth
D)late maturity or the decline; growth; introduction
E)introduction; late maturity or the decline; mature

Question

Quizplus · Accepted Answer

Biotechnology firms are still in their growth phase as they are constantly developing and introducing new products. Consumer foods companies are in their mature phase as their products have been established in the market and their growth rate has slowed down. U.S. auto manufacturers are in the late maturity or the decline phase as their market has become saturated and their sales are declining.

The Product Life-Cycle Concept from Microeconomics and Marketing Provides Useful