Economics · Marketing Management
In the standard graphical representation of a Product Life Cycle (PLC), what variables are typically plotted on the X-axis and Y-axis?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1X-axis: Growth; Y-axis: Time
- 2X-axis: Time; Y-axis: Sales and Profits✓
- 3X-axis: Price; Y-axis: Demand
- 4X-axis: Demand; Y-axis: Market Share
Correct answer
X-axis: Time; Y-axis: Sales and Profits
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