Marketers can most likely use the product life cycle concept as a tool for ________.
A) predicting sales trends
B) targeting niche consumers
C) conducting advertising tests
D) collecting data for product analysis

Question

Quizplus · Accepted Answer

The product life cycle concept helps in predicting sales trends by identifying the various stages a product goes through, from introduction to decline. Marketers can use this tool to estimate sales volume and plan their marketing efforts accordingly.

Marketers Can Most Likely Use the Product Life Cycle Concept