Suppose you are an entrepreneur and you sell TV's. When you first entered the market,TV's were in black and white and innovations were very slow. After about five years of time,TV innovations became more frequent with color,picture in picture,and TV/VCR combos. However,after about 10 more years,the innovations decreased again. This market behavior is known as what?
A) The product development S-curve.
B) Product Cycle.
C) Improvement Curve.
D) Feature Cycle.
E) All of the Above.
Correct Answer:
Verified
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