In the product life cycle, the best stage to increase market share is maturity.

Name: In the product life cycle, the best stage to increase market share is maturity.
Brand: Quizplus
Rating: 4.9 (37 reviews)

Question

Quizplus · Accepted Answer

The best stage to increase market share is actually the growth stage, because the product is gaining popularity and the market is expanding. In the maturity stage, the market is saturated and competition is high, making it more difficult to increase market share.

In the Product Life Cycle, the Best Stage to Increase