Post has been manufacturing and marketing breakfast cereals for over 100 years.It spends much of its marketing budgets on short-term promotions aimed at stealing market share from General Mills and other cereal manufacturers.From this information,you should know that cereals are in the which stage of their product life cycle?

Question

Quizplus · Accepted Answer

Post's focus on short-term promotions and competition with other cereal manufacturers suggest that cereals are in the maturity stage of their product life cycle. It is likely that the market is saturated and there is limited potential for growth, so companies are primarily focused on maintaining their market share and stealing customers from their competitors.

Post Has Been Manufacturing and Marketing Breakfast Cereals for Over