Which of the following statements is true about information technology (IT) and the product life cycle?
A) In the embryonic stage many consumers are entering the market and buying the product for the first time, and demand increases rapidly.
B) In the growth stage a product has yet to gain widespread acceptance; customers are unsure what a product has to offer, and demand for it is minimal.
C) The growth stage ends and the maturity stage begins when market demand peaks because most customers have already bought the product.
D) Once demand for a product starts to fall, the maturity stage begins; this typically occurs when advancing IT leads to the development of a more advanced product, making the old one obsolete.
E) Products such as desktops and laptops and services such as Internet broadband and digital TV services are currently in the embryonic stage.

Question

Quizplus · Accepted Answer

The statement that market demand peaks in the growth stage (option C) is true about the product life cycle. Once a product gains widespread acceptance and reaches maturity, its demand either plateaus or begins to decline (option D). Option A is incorrect as the embryonic stage is characterized by low initial demand. Option B is incorrect as the growth stage is when demand starts to increase rapidly, not when it is minimal. Option E is incorrect as all the products and services listed are already well past the embryonic stage.

Which of the Following Statements Is True About Information Technology