In which of the following stages of product life cycle a company reduces sales promotion to take advantage of heavy consumer demand?
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Answer (Detailed Solution Below)Option 2 : Growth Free Teaching Aptitude Mock Test 10 Questions 20 Marks 12 Mins Product Life Cycle:
For any product, it’s PLC will go to the decline stage, where the product’s sales and profits fall very quickly, and most competitors leave the market. Sales Promotion Strategy: Reduce to a minimal level. Thus, option 2 is the correct answer. What is the mature stage of the product life cycle?4. Maturity. 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.
Which of the following stages of the product life cycle is the most difficult one for the marketers?Which of the following stages of the product life cycle is the most difficult one for marketers: c. Maturity. A software manufacturer may sell an entire "suite" of software programs for one price during the maturity stage.
What is the maturity stage of the product life cycle Mcq?Maturity Stage: During the maturity stage of the product life cycle, the sharp growth in sales begins to slow, and profits at the beginning of this stage decline. The most notable characteristic of this stage is the peaking of the product's sales and profit curves.
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