shapes of the product life cycle for high-learning,low-learning,fashion,and fad products vary as does __________.

Question

Quizplus · Accepted Answer

The shapes of the product life cycle for different types of products can vary in terms of the actual length of time a product stays in each stage of the cycle. High-learning products may have a longer introductory phase, while fad products may go through a rapid rise and decline. The length of time in each stage can also be affected by factors such as competition, changes in consumer needs or preferences, and advancements in technology or materials.

Shapes of the Product Life Cycle for High-Learning,low-Learning,fashion,and Fad Products