Occasionally, Prices May Rise Later in the Product's Life Cycle

question 206

Multiple Choice

Occasionally, prices may rise later in the product's life cycle. This is often due to

• A) new competitors entering the market.
• B) production economies of scale.
• C) a decrease in the price of raw materials.
• D) nostalgia and fad factors.
• E) the type of competitive market shifts from pure monopoly to pure competition.

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Definitions:

Type A Behaviour Pattern

A personality disposition characterized by competitiveness, urgency, aggression, and a constant struggle for achievement.

Coping Effectively

Successfully managing to overcome or handle stressful situations or challenges.

Job Dissatisfaction

The feeling of unhappiness or discontent with one’s job or aspects of it.

Defence Mechanisms

Psychological strategies used by individuals to cope with reality and to maintain a self-image by lessening the anxiety stemming from unacceptable thoughts or feelings.