The older the product and the later it is in its life cycle, the higher the price that can usually be charged.

Name: The older the product and the later it is in its life cycle, the higher the price that can usually be charged.
Brand: Quizplus
Rating: 4.9 (36 reviews)

Question

Quizplus · Accepted Answer

The statement is actually false. As a product gets older and closer to the end of its life cycle, its price tends to decrease due to increased competition, lower demand, and the introduction of newer, more advanced products.

The Older the Product and the Later It Is in Its