Which of the following statements about the product life cycle as a pricing constraint is most accurate?
A) The newer a product is, the higher the price that can usually be charged.
B) The later in the product life cycle the product is, the higher the price that can usually be charged.
C) Once a product is considered nostalgic, the price will continue to rise indefinitely.
D) Fads will generally have only two price points-high and low-but the value of those price points will remain basically the same.
E) Prices should not be changed until a product reaches the maturity stage.
Correct Answer:
Verified
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