Conditions are most likely to be favorable for a prospector business strategy during the _____ stage of the product life cycle.
A)late growth
B)maturity
C)introductory
D)decline

Question

Quizplus · Accepted Answer

During the introductory stage of the product life cycle, there is often little competition and high demand for the product, making it a favorable time for a prospector business strategy that focuses on innovation and rapid growth. As the product moves into the later stages of growth and maturity, competition increases and the market becomes more saturated, making it more difficult for a prospector strategy to succeed. The decline stage of the product life cycle is typically not favorable for any business strategy as sales and demand decrease.

Conditions Are Most Likely to Be Favorable for a Prospector