Which of the Following Statements About the Product Life Cycle

question 227

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 usually will be within 10 percent of each other.
• E)Prices should not be changed until a product reaches its maturity stage.

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Definitions:

Palm

The inner part of the hand extending from the wrist to the bases of the fingers.

Inferior

A term used to describe a position below or lower than another part of the body; opposite of superior.

Sternum

The long, flat bone located in the center of the chest which connects to the ribs via cartilage to form the front part of the rib cage, providing protection to the chest organs.

Pelvis

The lower part of the torso, located between the abdomen and the thighs, consisting of several bones including the hip bones, sacrum, and coccyx.