Which of the Following Statements About the Product Life Cycle

question 167

Multiple Choice

Which of the following statements about the product life cycle as a pricing constraint is most accurate?

• A) The newer a product is, the higher the price that can usually be charged.
• B) The later in the product life cycle a product is, the higher the price that can usually be charged.
• C) Once a product is considered nostalgic, the price will continue to rise indefinitely.
• D) Fads will generally have only two price points-high and low-but the values of those price points will remain basically the same.
• E) Prices should not be changed until a product reaches the maturity stage.

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Definitions:

Equal Time Rule

A policy that requires television and radio stations to provide equal broadcasting time to opposing political candidates during an election.

Political Office

A position of authority within a government organization or body that is either elected or appointed, carrying specific duties and powers.

Communicate

The process of sharing information, ideas, or feelings between individuals or groups, through various means such as speech, writing, or electronic media.

Broadcast Media

Platforms such as television and radio that disseminate information, news, and entertainment to a wide audience through electromagnetic waves.