In the _________ stage of the product cycle,competition is fierce and profit margins are razor thin.
A)New product
B)Maturing product
C)Standardized product
D)Innovating
E)Absolution

Question

Quizplus · Accepted Answer

In the standardized product stage, products have become so common and widely available that competition is intense, leading to minimal profit margins as companies strive to undercut each other's prices to attract customers.

In the _________ Stage of the Product Cycle,competition Is Fierce