In the context of the product life cycle, a long-run drop in a product's sales signals the beginning of the _____.
A)introductory stage
B)growth stage
C)maturity stage
D)decline stage

Question

Quizplus · Accepted Answer

A long-run drop in sales indicates that the product has reached a saturation point and is experiencing a decline in demand, which signifies the decline stage of the product life cycle.

In the Context of the Product Life Cycle, a Long-Run