The music industry has changed dramatically over the years.In the 1970s,consumers purchased 8-track tapes.In the 1980s,cassette tape players caused the decline of 8-track tape players.In fact,today consumers would experience difficulty in purchasing a new artist on 8-track tape.Now in the 2000s,MP3 players have become very popular and are being purchased by music lovers of every age and background.As sales of MP3 players continue to grow at an increasing rate,sales of CD players are weakening,the profits are declining,and the product may face a fate similar to that of 8-track tape players.Based upon this information,you can correctly conclude that CD players are in the ____ stage,and MP3 players are in the _____ stage of the product life cycle.

Question

Quizplus · Accepted Answer

CD players are in the decline stage because sales are decreasing and profits are declining. MP3 players are in the growth stage because sales are increasing at an increasing rate.

The Music Industry Has Changed Dramatically Over the Years