Does anything happen to the price of the product during the innovation life cycl

Marketing
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Does anything happen to the price of the product during the innovation life cycle?

Oct 3rd, 2015

Thank you for the opportunity to help you with your question!

Well some times, prices may be affected while other times they may not. During the innovation life cycle, other factors not directly associated with the factors of production may cause variations in prices. On the other hand it may happen during innovation life-cycle stages that prices may be affected due to anticipations whichj may be realized in the process.

I have a small document for you here


Increased competition in the growth stage may lead to falling prices as the company competes with others to gain and keep hold of market share.
http://www.innovation-point.com/Innovation_Lifecycles.pdf


Please let me know if you need any clarification. I'm always happy to answer your questions.
Sep 19th, 2015

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Oct 3rd, 2015
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Oct 3rd, 2015
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