Question

Generally, firms will price a product more competitively at which stages of the product's sales life cycle?

A. Product introduction and Growth.
B. Maturity and Decline.
C. Throughout the cycle.
D. At the end of the life cycle.

Answer 1

Firms generally price a product more competitively during the product introduction and growth stages of the product's sales life cycle.

Step-by-step explanation:

In a perfectly competitive market, firms will generally price a product more competitively during the product introduction and growth stages of the product's sales life cycle. During these stages, there is typically less competition and higher demand for the product, allowing firms to set lower prices to attract customers and establish market share.