Question

which of the following is true about product life cycles? group of answer choices a reminder promotion is normally used in the introductory phase profits peak in the maturity phase early adopters buy in the introductory phase sales peak in the growth phase a informative promotion is most generally used the maturity phase

Answer 1

Based on business strategies and production, the statement that is true about product life cycles is "Early adopters buy in the introductory phase."

What is the Life Cycle of a Product

The life cycle of a product is a term that is used to describe the proportion of time a product goes from being introduced into the market by the producers until it's taken off the shelve.

Usually, the product life cycle is in different stages, and each of the stages is important to the success of the products in the market.

The Life cycle of a product is the following:

• introduction,
• growth,
• maturity, and
• decline.

Generally, the in the introduction stage of a product's life the early adopters are the first category of consumers that try new products before most other consumers key into it.

Hence, in this case, it is concluded that the correct answer is option c. "Early adopters buy in the introductory phase."

Learn more about the Product Life cycle here: brainly.com/question/7510515

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