stage of the product life cycle is a period when little money is spent in the promotional mix?

Name: stage of the product life cycle is a period when little money is spent in the promotional mix?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

During the decline stage of the product life cycle, sales and profits decrease, and there is a reduced need to promote the product. Companies may choose to reduce or totally eliminate their promotional expenses during this stage.

Stage of the Product Life Cycle Is a Period When