If a company is using coupons or buy-one-get-one-free promotions to reduce the existing inventory of a product,that product is most likely in what stage of the product life cycle?
A)introduction
B)growth
C)maturity
D)decline

Question

Quizplus · Accepted Answer

When a product is in its decline stage, the company may use different sales promotion techniques to sell off the remaining inventory. The coupons or BOGO promotions are one of them. In the decline stage, the customer demand for the product decreases, and the product becomes less profitable.

If a Company Is Using Coupons or Buy-One-Get-One-Free Promotions to Reduce