Many products may experience short-term fluctuations in sales,but a long-term drop in sales probably signifies that a product is in the decline stage of the product life cycle.

Question

Quizplus · Accepted Answer

This statement is true. The decline stage of the product life cycle is characterized by a long-term decrease in sales as the product becomes outdated or replaced by newer products in the market. Short-term fluctuations in sales may occur during other stages of the product life cycle, such as the introduction or growth stages, but a sustained decrease in sales over time is a sign of decline.

Many Products May Experience Short-Term Fluctuations in Sales,but a Long-Term