A product has hit the ________ stage when sales plunge to zero,or they drop to a low level where they continue for many years.
A) decline
B) growth
C) maturity
D) ideation
E) analysis

Question

Quizplus · Accepted Answer

The decline stage is characterized by a drop in sales, which can range from a significant plunge to a low level that persists for a long time. This happens when the market becomes saturated, competition increases, or the product becomes obsolete. Thus, choice A) is the best option that describes the given scenario. Growth stage (B) is when sales are rising at an increasing rate, maturity stage (C) is when sales are stable and may have reached their peak, ideation stage (D) is when new product ideas are being generated, and analysis stage (E) is when product ideas are evaluated and analyzed.

A Product Has Hit the ________ Stage When Sales Plunge