Genuine Products has been involved in intensive price competition with another company. Profits are low and market researchers are concerned that losses will soon occur due to a reduced market for the item. What stage of the product life cycle does this product appear to have reached?
A) introductory
B) maturity
C) decline
D) growth

Question

Quizplus · Accepted Answer

The described scenario indicates the decline stage of the product life cycle, characterized by intense price competition, low profits, and concerns about a shrinking market, suggesting the product's demand and popularity are decreasing.

Genuine Products Has Been Involved in Intensive Price Competition with Another