When the market growth becomes flat,we can say that this stage of the product life cycle has been reached.Identify the stage.

Question

Quizplus · Accepted Answer

In the maturity stage, the market growth rate slows down, and it becomes difficult to increase sales. This is when the market becomes almost saturated and the product has reached its full potential. Therefore, when the market growth becomes flat, it is safe to assume that the product has reached the maturity stage.

When the Market Growth Becomes Flat,we Can Say That This