Which of the following statements is correct?

Question

Quizplus · Accepted Answer

explain key aspects of product management and positioning through the product life cycle. Line extensions, product modifications and repositioning can all help keep a product out of the decline phase. For some products, these approaches can move the product back in the life cycle to enjoy a new phase of growth. Organisations that want to continue in the market will often make some change to the marketing mix with the expectation that this will reposition it in the minds of consumers, increase profits and move the product into a growth stage again. If a marketing manager uses the product life cycle concept, variations in the marketing mix will be timed to coordinate with the product's market situation. Product obsolescence may be either planned or unplanned.

Which of the Following Statements Is Correct