The combination of industry saturation and intense competition indicates that a product has reached the _____ stage of its product life cycle.
A) growth
B) maturity
C) decline
D) early

Question

Quizplus · Accepted Answer

The saturation of the market and intensity of competition suggest that the product has been on the market for a while and has already gone through the growth stage. Therefore, the product is now in the maturity stage of its product life cycle.

The Combination of Industry Saturation and Intense Competition Indicates That