Which of the following is true of the introduction stage of the product life cycle?
A)It tries to get early adopters to try out a new product.
B)It focuses not only on a proven concept but also a low price.
C)It emphasizes increased sales and high profits.
D)It tries to minimize competition by forming an alliance with rivals.

Question

Quizplus · Accepted Answer

The introduction stage of the product life cycle is focused on getting early adopters to try out a new product. This is important because early adopters can help to spread the word about a new product and create buzz that can lead to increased sales later on. The focus is typically not on high profits or forming alliances with rivals, and the price may not necessarily be low during this stage.

Which of the Following Is True of the Introduction Stage