Novacom,which was previously well known for its desktop computers,finds that two of its competitors have withdrawn from the market because of the introduction of affordable laptops in the market.This allows Novacom to garner minor profits.In which of the following stages of the product life cycle is Novacom's product?
A)The growth stage
B)The maturity stage
C)The introduction stage
D)The decline stage

Question

Quizplus · Accepted Answer

The withdrawal of competitors and minor profits suggest that the product is in the decline stage, where market saturation and new technologies lead to reduced demand for desktop computers.

Novacom,which Was Previously Well Known for Its Desktop Computers,finds That