Pricing decisions generally are made primarily during the introductory stage of the product life cycle and rarely change.

Name: Pricing decisions generally are made primarily during the introductory stage of the product life cycle and rarely change.
Brand: Quizplus
Rating: 4.9 (37 reviews)

Question

Quizplus · Accepted Answer

Pricing decisions are not only made during the introductory stage of the product life cycle but also during the growth, maturity, and decline stages. Prices may need to be adjusted based on changes in market demand, competition, and production costs.

Pricing Decisions Generally Are Made Primarily During the Introductory Stage