French quarter inns drops the price of a suite from $225 to $195 per night and experiences a reduction in the quantity of rooms demanded of an average of five per night. this is an indication that suites at this hotel are apparently an example of a(n) product.

Prestige

Explanation:

Things that are seen as being exceptionally high caliber and accordingly warrant a more significant expense dependent on the additional worth that the buyer feels they will acquire from the item.

Numerous products and enterprises have esteem, that is, they increment the status of customers who claim or use them. These are called prestige products. Gems and elegant garments, sumptuous homes and autos, and luxurious diversion are instances of these prestige merchandise.

1) the stages a new product goes through from beginning to end, i.e., the stages that a product passes through from introduction through growth, maturity, and decline. 2) the time from initial research and development to the time at which sales and support of the product to customers are withdrawn. 3) the period of time during which a product can be produced and marketed profitably.

                                          hope it

answer; sales of books;