While looking a series of special-case product life cycles,you observe that one of the life cycles has had a rapid growth in sales resulting in a severe peak of the sales curve followed by a rapid decline.Which of the following product life-cycle curves is most likely represented by the above illustration

Question

Quizplus · Accepted Answer

A fad is a product that gains sudden popularity and loses its appeal just as quickly. The peak in sales is rapid and short-lived, followed by a quick decline in interest and sales. This description matches the scenario given in the question, making the fad life cycle the most likely candidate for the product's life cycle.

While Looking a Series of Special-Case Product Life Cycles,you Observe