When most consumers who would buy a product are either repeat purchasers of the item or have tried and abandoned it, in what stage of the product life cycle is the product?

Question

Quizplus · Accepted Answer

When most consumers who would buy a product are either repeat purchasers of the item or have tried and abandoned it, the product is likely in the maturity stage of the product life cycle. In this stage, sales growth slows down, and the focus shifts to maintaining market share and maximizing profit from existing customers.

When Most Consumers Who Would Buy a Product Are Either