focusNode Show Didn't know it? Knew it? Embed Code - If you would like this activity on your web page, copy the script below and paste it into
your web page.
Which of the following statements is true regarding the maturity stage of the product life cycle?49) Which of the following statements is true regarding the maturity stage of the product life cycle? Answer: Usually, competition is most intense in this phase.
What is the maturity stage of a product life cycle?The maturity stage is when the sales begin to level off from the rapid growth period. At this point, companies begin to reduce their prices so they can stay competitive amongst growing competition.
What happens in the maturity stage of the product life cycle quizlet?The maturity stage of the product life cycle is characterized by a slowdown of sales growth and profit. Competitors are well-established and fewer new consumers enter the market. Marketing focuses on holding or gaining market share by continuing to differentiate the product and building on existing customer loyalty.
What are the characteristics of a product in maturity stage?The mature stage's main characteristic is that sales volumes are still growing but at a slower rate. The closer to the end of the mature, the slower will be the growth in sales volume. Competition for market share and customers is also more intense.
|