During which of the following stages in the product lifecycle,do industry sales of the product level out?
A)Introductory stage
B)Growth stage
C)Maturity stage
D)Decline stage

Question

Quizplus · Accepted Answer

During the maturity stage, industry sales of the product typically level out as the product has already been introduced to the mainstream market and has achieved widespread adoption. This stage is characterized by intense competition and lower profit margins as companies fight for market share. Eventually, the product may start to decline as newer and better products are introduced to the market.

During Which of the Following Stages in the Product Lifecycle,do