Which of the following is the stage of the product life cycle that is characterized by a peak in sales and a high number of competitors and competitive products but a gradual decline in profits?
A)Introduction
B)Growth
C)Maturity
D)Decline
E)Initiation

Question

Quizplus · Accepted Answer

The stage of the product life cycle that is characterized by a peak in sales and a high number of competitors and competitive products but a gradual decline in profits is the maturity stage. In this stage, the product has been in the market for a while, and its market is reaching its saturation point. As a result, the profit margin begins to decrease, while the number of competitors continues to increase. Therefore, option C, maturity, is the correct answer.

Which of the Following Is the Stage of the Product