Nutritreat Industries Corp.is a manufacturer of food products.The company introduced chocolate cookies to the local market.After a period of initial success,the product lost its market and Nutritreat decided to withdraw chocolate cookies from the market.This scenario is an example of the _____ stage of a product life cycle.

Question

Nutritreat Industries Corp.is a manufacturer of food products.The company introduced chocolate cookies to the local market.After a period of initial success,the product lost its market and Nutritreat decided to withdraw chocolate cookies from the market.This scenario is an example of the _____ stage of a product life cycle.​

Quizplus · Accepted Answer

The scenario describes a situation where a product had initial success but later lost its market and had to be withdrawn, which is characteristic of the decline stage of a product life cycle.