All products and services go through the following stages:
A)introduction,growth,maturity,decline.
B)introduction,maturity,decline.
C)introduction,decline.
D)growth,decline.

Question

Quizplus · Accepted Answer

The most commonly accepted model for product life cycle consists of four stages: introduction, growth, maturity, and decline. During the introduction stage, the product is launched in the market, and sales are low. In the growth stage, sales and revenue rapidly increase as the market becomes aware of the product. In the maturity stage, sales growth starts to slow down, and the product reaches its peak. Finally, in the decline stage, sales start to decrease as the product becomes outdated or faces competition from similar products.

All Products and Services Go Through the Following Stages