A Product in the Early Stages of Its Life Cycle

question 54

Multiple Choice

A product in the early stages of its life cycle will

• A)Be most likely sold to consumers in industrialized countries.
• B)Be most likely sold for a high prices.
• C)Be most likely accompanied by heavy promotion.
• D)All of the above.

---

Definitions:

Shirts

Clothing items designed to cover the torso, typically with sleeves and a collar.

Marginal Utility

The gain in satisfaction or benefit from consuming one additional unit of a good or service.

Soft Drinks

Beverages that are non-alcoholic and typically carbonated, often containing sugar, flavorings, and acids.

Marginal Utility

The additional satisfaction or utility gained from consuming an additional unit of a good or service.