Which of the following statements is most likely to be true regarding the embryonic stage of a product life cycle?
A) During the embryonic stage, a product becomes technologically obsolete due to the introduction of an alternative superior product.
B) A product in an embryonic stage has yet to gain widespread acceptance.
C) A Walkman is an example of a product that is currently in the embryonic stage.
D) The embryonic stage comes after the growth stage in a product life cycle.

Question

Quizplus · Accepted Answer

The embryonic stage is the first stage of a product life cycle where the product is introduced in the market and has yet to gain widespread acceptance. Option A is incorrect as the product may become obsolete in the decline stage, not embryonic. Option C is incorrect as the Walkman has been in the decline stage for a while now. Option D is incorrect as the embryonic stage comes before the growth stage.

Which of the Following Statements Is Most Likely to Be