Profits peak during the maturity stage of the product life cycle.

Name: Profits peak during the maturity stage of the product life cycle.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Profits tend to peak during the growth stage of the product life cycle, as sales are increasing rapidly but competition has not yet fully intensified. During the maturity stage, while sales may be at their highest, profits can be challenged by increased competition and market saturation, leading to price reductions and higher marketing costs.

Profits Peak During the Maturity Stage of the Product Life