Answer
No, it does not. The positions (or order) of the factors were changed, so the statement illustrates the commutative property of multiplication.
Work Step by Step
The commutative property of multiplication states that for any real numbers $a, b, $ and $c$:
$a \cdot (b \cdot c)= a \cdot (c \cdot b)$
The associative property of multiplication states that for any real numbers $a, b, $ and $c$:
$a \cdot (b \cdot c)= (a \cdot b) \cdot c$
Thus, the given statement illustrates the commutative property as the positions of $c$ and $b$ were switched.
