The product life-cycle concept from microeconomics and marketing provides useful insights into the relations between cash flows from operating, investing, and financing activities.In the United States, which phase best describes: Biotechnology firms Consumer foods companies Steel manufacturers
A) growth mature decline
B) mature decline growth
C) growth growth decline
D) growth growth mature
E) decline mature growth

Question

Quizplus · Accepted Answer

Biotechnology firms are typically in the growth stage as they are still developing and launching new products. Consumer foods companies are typically in the mature stage as they have established brands and a stable market. Steel manufacturers are typically in the decline stage as the industry has seen a decline in demand and profitability in recent years. Therefore, the best choice would be A) growth mature decline.

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