4. T F Selling new products to new markets is one of the first strategies employed...
4. T F Selling new products to new markets is one of the first strategies employed by companies
when the existing product life cycle begins to decline.
- T F During the pioneering stage of the product life cycle, the initial producer may be the
only source of supply.
- T F Product simplification, developing new models, and planned obsolescence are types
of strategies that are used when changing the product and selling it to the same market.
Homework Answers
False because the first strategy is to sell existing products to new market so that PLC can be extended when company saw that it is going to decline stage.so they find new customers/market for that existing product.
True because they are the pioneers who introduce the product into the market so they are the only source of supply at start.
True because these strategies shorten the PLC of a product which needs to changed so that new products can be sold to same market.
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