Question

The products manufactured by Answeronn, a manufacturer of answering machines, initially showed a slow progress rate, but the performance of the products eventually began improving rapidly. However, the progress rate began to drop again. All these changes took place during a three-year period. In the context of technology cycles, this scenario best illustrates _____.

Answer 1

S- curve pattern of innovation

Explanation:

S- curve pattern is related to the highlights of the facts about the industries, products, business model that evolves over the times. The profit of the industry depends on the gradually rise until the maturity age.

There are four types of S-curves.

• Level of innovation

• Number of innovation

• Performance

• Profit

Every growth market of a and business model goes through the Predictable growth cycle of the product.