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.

Question

Quizplus · Accepted Answer

In the beginning stages of a product's life cycle, product availability is crucial to capture the market as consumers are still discovering and adopting the product. Demand and supply are usually uncertain at this point. Margins may also be high as companies try to recoup initial investment costs, and price may not yet be a significant factor in customer choice.

Which of the Following Would Be a Demand and Supply