Which of the following stages of product lifecycle is typically characterized by narrow product line and skimming or penetration pricing?

Question

Quizplus · Accepted Answer

The introduction stage is characterized by a narrow product line and the use of skimming or penetration pricing, which aims to attract early adopters or capture market share. During this stage, the company seeks to establish its brand and create demand for the product.

Which of the Following Stages of Product Lifecycle Is Typically