It is still possible for a firm to earn a profit if it operates in the sales decline stage of the product life cycle.

Question

Quizplus · Accepted Answer

While sales may be declining, the firm can still earn a profit through cost-cutting measures, increased efficiency, and finding ways to maintain customer loyalty. Additionally, there may still be a segment of loyal customers who continue to purchase the product. However, it may become increasingly difficult to sustain profits in the long term without a product update or innovation to revitalize sales.

It Is Still Possible for a Firm to Earn a Profit