Many companies have been able to extend the life cycles of their ______ products by offering them in foreign countries.
A)mature
B)introductory
C)growth
D)decline

Question

Quizplus · Accepted Answer

Mature products have already reached their peak in the domestic market and are no longer growing rapidly. By introducing these products in foreign markets, companies can extend their life cycles and continue to generate revenue from them. On the other hand, introducing introductory or growth products in foreign markets can be risky and may not necessarily extend their life cycles. Similarly, introducing products in decline may not be feasible as they may not be profitable to produce or sell.

Many Companies Have Been Able to Extend the Life Cycles