Asked by Canon Graef on Jun 19, 2024
Verified
The early stages of a product's life cycle are generally the most profitable for the company because there is little competition.
Early Stages
Initial phases in a process or development, often characterized by exploration and foundational activities.
Product Life Cycle
The progression of a product through stages from introduction to growth, maturity, and decline, affecting marketing and sales strategies.
- Discern the distinct phases of the product life cycle and evaluate how different products move through these phases.
Verified Answer
SC
Sahil ChawlaJun 23, 2024
Final Answer :
False
Explanation :
During the early stages of a product's life cycle, companies often face high costs related to development, marketing, and distribution, and the market may not yet be fully developed, leading to lower initial profits. Profitability typically increases as the product gains market acceptance and scales.
Learning Objectives
- Discern the distinct phases of the product life cycle and evaluate how different products move through these phases.
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