Whytech,which was previously well known for its desktop computers,finds that two of its competitors have withdrawn from the market because of the introduction of affordable laptops in the market.This allows Whytech to garner minor profits.In which of the following stages of the product life cycle is Whytech's product?
A)The growth stage
B)The maturity stage
C)The introduction stage
D)The decline stage

Question

Quizplus · Accepted Answer

Whytech's product is in the decline stage because the introduction of affordable laptops has made desktop computers less desirable, leading to competitors withdrawing from the market. This indicates a decrease in consumer demand and market saturation, typical characteristics of the decline stage.

Whytech,which Was Previously Well Known for Its Desktop Computers,finds That