Genuine Products has been involved in intensive price competition with one of its products.Profits are low and market researchers are concerned that losses will soon occur due to a reduced market for the item.This product has reached the ________ stage of the product life cycle.
A)growth
B)introductory
C)maturity
D)decline

Question

Quizplus · Accepted Answer

The product has reached the decline stage of the product life cycle, as evidenced by the low profits and reduced market due to intense price competition.

Genuine Products Has Been Involved in Intensive Price Competition with One