Modifying a product is an ineffective strategy in the maturity period of the product life cycle because the product's decline is irreversible at this stage.

Question

Quizplus · Accepted Answer

Modifying a product can actually be an effective strategy in the maturity stage of the product life cycle as it can help to extend the product's life cycle and attract new customers. However, it is important to carefully consider the potential benefits and risks of modifying the product, as well as the costs and resources required to do so.

Modifying a Product Is an Ineffective Strategy in the Maturity