Answer:
S- curve pattern of innovation
Explanation:
S- curve pattern is related to the highlights of the facts about the industries, products, business model that evolves over the times. The profit of the industry depends on the gradually rise until the maturity age.
<u>There are four types of S-curves. </u>
Every growth market of a and business model goes through the Predictable growth cycle of the product.
boggy, marshy, miry, mucky, muddy, quaggy, sloppy, sloughy, soggy, squashy and swampy.
As price falls, the law of demand says consumers will increase quantity demanded; the law of supply says producers will decrease quantity supplied. Thus, if price is above equilibrium the excess supply causes the price to fall.
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