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Q: How is gross domestic product used to monitor the business cycle?
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What is product and service in a business?

product and service in your life cycle


Where is the business cycle visible?

Such changes are normally visible in key macroeconomic measures such as gross domestic product (GDP), real income, employment, industrial output, and wholesale-retail sales.


Product life cycle of Marie Claire magazine?

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Is e-business likely to be more beneficial in the early part or the mature part of a product life cycle?

E-business is more likely to be more beneficial in the early part of a product's life cycle. E-business strengths include flexible pricing, promotions, and product portfolios and greater speed in disseminating product information. Later in the life cycle, a product is likely to be a commodity, which doesn't play to the strengths of this channel


Is e-business likely to be more beneficial in the early part or the mature part of the product's life cycle?

E-business is more likely to be more beneficial in the early part of a product's life cycle. E-business strengths include flexible pricing, promotions, and product portfolios and greater speed in disseminating product information. Later in the life cycle, a product is likely to be a commodity, which doesn't play to the strengths of this channel


Which of these is the constant movement of the gross national product around its trend to expand and contract?

Business Cycle


What is the constant movement of the Gross National Product around its trend to expand and contract?

business cycle


What is the term for the constant movement of the gross national product around its trend to expand and contract?

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Why is it important for marketing manager to understand concept of the product life cycle?

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What is a definition of a business cycle?

The business cycle is the process through which a business goes through from the time of conception to maturity. Businesses struggle a bit when they are relatively new ideas and boom when people know about and like the product. When the industry gets flooded, businesses can start to decline if they do not reinvent.