An Improvement in Technology Will Lead to a Change in Demand

question 156

True/False

An improvement in technology will lead to a change in demand.

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Definitions:

Investments

Items or resources purchased with the intention of earning revenue or increasing in worth as time progresses.

Product Life Cycle

Four basic stages—introduction, growth, maturity, and decline—through which a product progresses.

Informative Advertising

Advertising that focuses on providing factual information about a product or service to educate the target audience.

Introductory Stage

The initial phase in the product life cycle where a new product is launched into the market.