Multiple Choice
Which of the following statements about pricing strategies throughout the product life cycle is NOT true?
A) Price increases during the maturity stage are cost initiated instead of demand initiated.
B) The maturity stage often brings about price decreases.
C) Prices stabilize when the product enters the growth stage.
D) With inelastic demand,price will be set low in the introduction stage.
Correct Answer:
Verified
Correct Answer:
Verified
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