Which of the following statements is true about information technology (IT) and the product life cycle?
A) In the product's embryonic stage, many consumers are entering the market and buying the product for the first time and demand increases rapidly.
B) In the growth stage, a product has yet to gain widespread acceptance; customers are unsure what a product has to offer, and demand for it is minimal.
C) The growth stage ends and the maturity stage begins when market demand peaks because most customers have already bought the product.
D) Once demand for a product starts to fall, the maturity stage begins; this typically occurs when advancing IT leads to the development of a more advanced product, making the old one obsolete.
E) Products such as desktops and laptops and services such as Internet broadband and digital TV services are currently in the embryonic stage.
Correct Answer:
Verified
Q10: _ determine the quality of information.
A)Accuracy and
Q19: _ is data that are organized in
Q20: A marketing manager who is trying to
Q21: Which of the following describes the language
Q22: The stage which immediately follows the embryonic
Q25: The order in which the stages of
Q26: The first step that managers need to
Q28: The _ stage begins when market demand
Q29: _ is the set of methods or
Q31: Establishing measurable standards of performance, measuring actual
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents