Pricing decisions are made primarily during the introductory stage of the product life cycle and rarely change.

Question

Quizplus · Accepted Answer

Pricing decisions are made throughout the entire product life cycle and can change depending on various factors such as competition, production costs, and demand. While pricing decisions may be particularly important during the introductory stage, they are not set in stone and can be adjusted as necessary.

Pricing Decisions Are Made Primarily During the Introductory Stage of the Product