Which of the following would be a demand and supply characteristic toward the beginning stages of a product's life cycle?
A) Demand has become more certain and supply is predictable.
B) Margins are lower due to an increase in competitive pressure.
C) Product availability is crucial to capturing the market.
D) Price becomes a significant factor in customer choice.
E) none of the above

Question

Quizplus · Accepted Answer

In the beginning stages of a product's life cycle, it is important to capture the market and establish a customer base, therefore product availability is crucial. Demand and supply may not yet be certain or predictable, and margins may be higher due to lower competition. Price may not yet be a significant factor in customer choice as the focus is on awareness and availability.

Which of the Following Would Be a Demand and Supply