Explanation At first a logistic curve increases slowly, in the mid-growth era faster, and at the end slowly, leveling off at the largest value after a certain period of time. The starting portion of the curve is exponential; as it approaches the midpoint of the curve, the pace of development accelerates. The sales of a new product is higher but it slows down as its go further...

6th Edition

ISBN: 9781119399353

Author: DA

Publisher: JOHN WILEY+SONS,INC.-CONSIGNMENT

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Chapter 4.7, Problem 7P

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Explain why sales of new product often follow a logistic curve. Explain the benefit to the company of watching for the point of diminishing returns.

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Chapter 4.7, Problem 6P

Chapter 4.7, Problem 8P

Chapter 4 Solutions

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Explain why sales of new product often follow a logistic curve. Explain the benefit to the company of watching for the point of diminishing returns.

Solution Summary: The author explains that sales of new product often follow a logistic curve and the benefit to the company of watching for the point of diminishing returns.

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Explain why sales of new product often follow a logistic curve. Explain the benefit to the company of watching for the point of diminishing returns.

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Chapter 4 Solutions