Which of the following would most likely increase competition during the maturity stage of the product life cycle?

Question

Quizplus · Accepted Answer

Excess capacity refers to the situation where there is more supply than demand for a product, leading to increased competition among firms. This is particularly relevant in the maturity stage of the product life cycle, where the market is saturated and firms must compete on price and quality to maintain their market share. Differentiation, commercialization, and inadequate promotion are unlikely to increase competition during this stage.

Which of the Following Would Most Likely Increase Competition During