Market researchers at Fey Brothers Ltd.analyze and conclude that the company's product is experiencing a slowdown in both sales and profits.The researchers cite well-established competitors and fewer new consumers in the market as the main reasons.At which stage of the product life cycle is the company's product?
A)growth stage
B)maturity stage
C)introduction stage
D)decline stage

Question

Quizplus · Accepted Answer

The maturity stage of the product life cycle is characterized by a slowdown of growth in both the sales and profit areas.Competitors are well-established and fewer new consumers enter the market.

Market Researchers at Fey Brothers Ltd