Which of the following statements is true about product life cycle theory?
A)In the early stages of the product life cycle,the demand for the new product is relatively insensitive to the price and thus a pioneering firm can charge a relatively high price.
B)It predicts that over time the U.S.switches from an exporting country of new products to an importing country.
C)It has an "S"-shaped curve when plotting "quantity sold" versus "time."
D)all of the options

Question

Quizplus · Accepted Answer

All the statements provided are true about the product life cycle theory. It describes how a product's sales volume and market share change over time, including high initial pricing, the transition of a country from exporter to importer of the product, and the characteristic "S"-shaped sales curve.

Which of the Following Statements Is True About Product Life