A demand-oriented pricing strategy is used in what phase of the product life cycle?

Question

Quizplus · Accepted Answer

Demand-oriented pricing strategy is most effective in the maturity stage of the product life cycle where the competition is high, and the market becomes price-sensitive. In this stage, the product has established itself in the market, and customers are familiar with it. Therefore, companies need to adopt a pricing strategy that is based on market demand to stay competitive and maximize profits.

A Demand-Oriented Pricing Strategy Is Used in What Phase of the Product