Business Quiz Me! [Grade 10]

Fresh said:

What is Business Cycle and what are 2 key part's to remember.

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GOR said:

Business cycle of a product is the life cycle of a product and how it revolves and attracts customers.

Steps:
•Introduction - Product is launched
• Growth - Product attracts more customers and sales are rising steadily. At this point manufacturers must make wise choices as competitors start coming in with similar and / or better products

• Maturity - Product has been out for a while now and sales are not increasing nor decreasing. They remain constant

• Decision Point - At this point manufacturers are unable to attract customers and they must decide on the fate of there product.

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Fresh said:

Damn, Good answer, I think you will do fine on your exam. Good luck though.

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GOR said:

Thanks not doing too bad ATM. Only exam I'm stressing is Science

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Fresh said:

Science is truly a bitch, I took Astronomy and Geology and I didn't get above a C on any test, But for the final i got a B. I was hype. Government isn't to hard just basic knowledge for some of it.

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