Which of the following statements about the decline stage of the product life cycle is most accurate?

Question

Quizplus · Accepted Answer

The decline stage of a product life cycle is often the result of changes in the marketing environment, such as new competitors or shifts in consumer preferences. It is not true that profits always increase during this stage or that a major product flaw or marketing misstep is the only reason for decline. While increasing marketing expenditures may help to prolong the maturity stage, it is not a guarantee against entering the decline stage. Finally, while service industries may have different dynamics than physical products, they do still experience changes in the marketing environment that can result in decline.

Which of the Following Statements About the Decline Stage of the Product