Specialized Bicycle Components Introduced the First Major-Production Mountain Bike in 1980.Specialized

question 104

Multiple Choice

Specialized Bicycle Components introduced the first major-production mountain bike in 1980.Specialized bikes have a large share of a fast-growing market.According to the BCG matrix,what would the company Specialized Bicycle Components be classified as?

• A) as problem children
• B) as cash cows
• C) as exclamation points
• D) as stars

---

Definitions:

Inelastic Demand

A situation where the demand for a product does not significantly change with a change in price.

Concession Items

Products or goods sold in specific venues, such as stadiums or theaters, often including snacks, beverages, and souvenirs.

Network Effects

The phenomenon where the value or utility of a product or service increases as more people use it.

Google and Facebook

Leading technology companies known for their vast internet influence in search (Google) and social networking (Facebook).