Each stage of the product life cycle requires re-evaluation of the promotional mix.

Name: Each stage of the product life cycle requires re-evaluation of the promotional mix.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

As products move through the various stages of the product life cycle (introduction, growth, maturity, and decline), consumer perceptions and market conditions change, necessitating adjustments to the promotional mix to effectively reach target audiences and achieve marketing objectives.

Each Stage of the Product Life Cycle Requires Re-Evaluation of the Promotional