Which of the following statements is true about information technology (IT) and the
product life cycle?
A. In the product’s embryonic stage, many consumers are entering the market and
buying the product for the first time and demand increases rapidly.
B. In the growth stage, a product has yet to gain widespread acceptance; customers are
unsure what a product has to offer, and demand for it is minimal.
C. The growth stage ends and the maturity stage begins when market demand peaks
because most customers have already bought the product.
D. Once demand for a product starts to fall, the maturity stage begins; this typically
occurs when advancing IT leads to the development of a more advanced product,
making the old one obsolete.
E. Products such as desktops and laptops and services such as Internet broadband and
digital TV services are currently in the embryonicstage.
A _____ strategy that is aimed at driving down expenditures in all functions usually
fares best in a more _____ structure with more conservative norms.
A. differentiation; flexible
B. differentiation; stable
C. low-cost; formal
D. low-cost; informal
E. low-cost; organic