The dairy industry still uses cow’s milk as the base for its varied products. Over time, however, competition from other types of milk has forced changes in the traditional American taste for milk, ice cream, cheese, cottage cheese, yogurt, frozen yogurt, and sherbet. Currently, for example, soy milk and other related items are making inroads in this traditional market.
-In this scenario,the product life cycle actually has _____.

Question

Quizplus · Accepted Answer

The product life cycle is highly relevant in this scenario as it illustrates how traditional dairy products are facing competition from alternatives like soy milk, indicating shifts in consumer preferences and market dynamics over time.

The Dairy Industry Still Uses Cow’s Milk as the Base