Question

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.

5. T    F    During the pioneering stage of the product life cycle, the initial producer may be the

       only source of supply.

6. 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.

Answer 1

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.