Automobiles are currently at which stage in the product life cycle?
A) Growth
B) Decline
C) Maturity
D) Embryonic

Question

Quizplus · Accepted Answer

Automobiles have been around for over a century and are now in the maturity stage of the product life cycle. This means that the market is saturated and growth has slowed down, but the product is still widely used and there is a large market for replacement purchases and upgrades.

Automobiles Are Currently at Which Stage in the Product Life