The correct answer is: the higher the price that can usually be charged.
In the early stages of a product's life cycle, there is often less competition and the novelty can allow companies to set higher prices.
The newer a product and the earlier it is in its life cycle, Blank______.
Multiple choice question.
the lower the price must realistically be
the slower the demand is decreasing
the higher the price that can usually be charged
the more competition it will face
1 answer