In which of the following stages of the product lifecycle,do market supplies exceed the demand,as a result of which a firm can increase its sales only at the expense of its competitors?
A)Introductory stage
B)Growth stage
C)Maturity stage
D)Decline stage

Question

Quizplus · Accepted Answer

In the maturity stage, the market becomes saturated with products, resulting in greater supply than demand. During this stage, a firm may need to increase their market share by taking sales away from competitors instead of generating new demand.

In Which of the Following Stages of the Product Lifecycle,do