Often, the earlier a product is in its life cycle:
A.
the lower the price the firm must charge.
B.
the more competition it has.
C.
the greater the flexibility to charge a higher price.
D.
the lower the production costs.
Answer: C
A.
the lower the price the firm must charge.
B.
the more competition it has.
C.
the greater the flexibility to charge a higher price.
D.
the lower the production costs.
Answer: C