Question

The following table lists an assortment of characteristics​ (production requirements and​ locations) pertaining to the three phases of the product cycle. For each of these characteristics indicate the phase​ (early, middle, or​ late) to which the characteristic is most likely associated. Do this by substituting the appropriate label into the response box for each​ characteristic: use E to denote​ Early, M for​ Middle, and L for Late.

	Experimentation with fundamentally new designs begins to wane as product development shifts toward incremental improvements in a basic design
	Experimentation with design and manufacturing technologies is over and the product is completely standardized
	Experimentation and improvement in design and manufacturing require scientific and engineering inputs.
	Consumption in high - income nations begins to exceed production
	Production begins to shift to countries with low labor costs
	There is a great deal of experimentation in both the characteristics of the final product and its manufacturing process

Answer 1

1. Experimentation with fundamentally new designs begins to wane as product development shifts toward incremental improvements in basic design - "L"

2. Experimentation with design and manufacturing technologies is over and the product is completely standardized - "E"

3. Experimentation and improvement in design and manufacturing require scientific and engineering inputs - "M"

4. Consumption in high - income nations begins to exceed production - "M"

5. Production begins to shift to countries with low labor costs - "L"

6. There is a great deal of experimentation in both the characteristics of the final product and its manufacturing process - "E"