A manufacturer of a product in the decline stage of its product life cycle has what strategic option?
A)It can phase out production of the product.
B)It can produce fewer variations of the product.
C)It can drop the product immediately.
D)It can reduce or eliminate its advertising budget for the product.
E)All of the above

Question

Quizplus · Accepted Answer

In the decline stage, a manufacturer can choose to phase out production, produce fewer variations, drop the product, or reduce/eliminate advertising, as all these strategies aim to minimize costs and manage the declining demand.

A Manufacturer of a Product in the Decline Stage of Its