Which statement about the product life cycle as a pricing constraint is most accurate?

Multiple Choice

The later in the product life cycle a product is$,$ the higher the price that can usually be charged.

Once a product is considered nostalgic, the price will continue to rise indefinitely.

The newer a product is$,$ the higher the price that can usually be charged.

Prices should not be changed until a product reaches its maturity stage.

Fads will generally have only two price points$-$high and low$-$but the values of those price points us