What is generally true about the lifecycle of a fad product?

The lifecycle of a fad product is characterized by rapid growth followed by a swift decline. This occurs because fads are typically driven by short-lived trends or spikes in popularity that attract consumer attention quickly. Once the novelty wears off or consumer interest shifts to another emerging trend, sales drop dramatically.

In contrast, options regarding a long growth period with stable demand or remaining in demand for several years do not accurately represent the nature of fad products. Fads usually do not establish a sustainable market presence, nor do they evolve into classic products that maintain their value or relevance over time. The essential aspect of a fad is its fleeting nature, emphasizing the rapid cycle of initial excitement followed quickly by a downturn in interest.