Which of the Following Statements About the Product Life Cycle

Multiple Choice

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 a 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 values of those price points will remain basically the same.
E) Prices should not be changed until a product reaches the maturity stage.