Consumers becoming more demanding and more price conscious about certain products in an industry means the industry is likely in the ____________ stage.
A)introduction
B)growth
C)maturity
D)decline

Question

Quizplus · Accepted Answer

When consumers become more demanding and price conscious, it indicates that the industry is in its maturity stage. In this stage, there is often intense competition, and market saturation leads to an increased focus on pricing and differentiation.

Consumers Becoming More Demanding and More Price Conscious About Certain