Which of the Following Statements Is True About Product Life

question 10

Multiple Choice

Which of the following statements is true about product life cycle theory?

• A)in the early stages of the product life cycle, the demand for the new product is relatively insensitive to the price and thus a pioneering firm can charge a relatively high price
• B)it predicts that over time the U.S.switches from an exporting country of new products to an importing country
• C)it has an "S" shaped curve when plotting "quantity sold" versus "time"
• D)all of these

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Definitions:

Irresistible Urges

Compelling desires or impulses that are difficult to control or resist.

Thoughts

The mental process of considering, reasoning, or remembering; cognitive units that form the contents of the mind.

Behaviors

Observable actions or responses of an organism or system.

Anxiety

A feeling of worry, nervousness, or unease, typically about an imminent event or something with an uncertain outcome.