Question

Cost minimization is an appropriate strategy in which stage of the product life cycle?

a.introduction
b.growth
c.adolescence
d.decline
e.retirement

Answer 1

The correct answer is d, decline. It is because cost minimization is establish in means of having to determine the output of the capital produces in which is at the lowest or minimum cost or they are likely to be focused on the effective method in regards with the services or goods.