Most consumers who would buy the product are either repeat purchasers of the item or have tried and abandoned it are characteristically in which stage of the product life cycle?

Question

Quizplus · Accepted Answer

The maturity stage is characterized by a high level of market saturation and competition, and most customers are repeat purchasers or have tried the product and moved on. This stage typically lasts the longest in the product life cycle and is followed by the decline stage as sales and profits begin to decrease. The introduction and growth stages are focused on building awareness and increasing sales, while the harvest stage is focused on maximizing profits before phasing out the product.

Most Consumers Who Would Buy the Product Are Either Repeat