Profits decline in the maturity stage, largely because of increased competition.

Name: Profits decline in the maturity stage, largely because of increased competition.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The statement is true. In the maturity stage of a product life cycle, competition tends to increase as more companies enter the market with similar products. This increased competition often leads to a decline in profits as companies lower prices to compete with one another.

Profits Decline in the Maturity Stage, Largely Because of Increased