Promotion efforts may be cut and plans may be made to phase out the product during the _____ stage of the product life cycle.

Name: Promotion efforts may be cut and plans may be made to phase out the product during the _____ stage of the product life cycle.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

During the decline stage of the product life cycle, sales and profits are declining, and the product may no longer be profitable. As a result, the company may cut promotion efforts and begin to phase out the product.

Promotion Efforts May Be Cut and Plans May Be Made