Which of the following is a challenge presented by the product life cycle that a firm must face?
A) Not all products eventually decline.
B) Customer tastes, technologies, and competition do not affect the marketing of the product as it passes through lifecycle stages.
C) A firm must be good at delivering its original product.
D) A firm must be good at adapting its marketing strategies.
E) It is easy to plot the stages as a product goes through them.

Question

Which of the following is a challenge presented by the product life cycle that a firm must face?
A)	Not all products eventually decline.
B)	Customer tastes, technologies, and competition do not affect the marketing of the product as it passes through lifecycle stages.
C)	A firm must be good at delivering its original product.
D)	A firm must be good at adapting its marketing strategies.
E)	It is easy to plot the stages as a product goes through them.

Quizplus · Accepted Answer

Adapting marketing strategies is crucial for a firm to effectively address the changing dynamics, customer preferences, and competitive pressures at different stages of the product life cycle.

Which of the Following Is a Challenge Presented by the Product