Which of the following factors that a manager should bear in mind when estimating a project's revenues and costs is NOT correct?
◦ Prices and costs tend to rise with the general level of inflation in the economy.
◦ A new product typically has its highest sales immediately after release as customers are attracted by the novelty of the product.
◦ The prices of technology products tend to fall over time as newer, superior technologies emerge and production costs decline.
◦ Sales of a product will typically accelerate, stabilize, and then decline as the product becomes outdated or faces increased competition.