BUSINESS ADMINISTRATION
MARKETING MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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growth
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maturity
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introduction
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decline
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Detailed explanation-1: -If your product or service makes it to the maturity stage, this should be the longest part of its product life cycle.
Detailed explanation-2: -The maturity stage is the longest stage of the product life cycle. In this stage, sales growth begins to decline; the company reaches the highest point in the demand cycle; and advertising strategies have minimal impact on sales growth.
Detailed explanation-3: -The maturity stage is usually the longest of the four life cycle stages, and it is not uncommon for a product to be in the mature stage for several decades.
Detailed explanation-4: -Definition English: Longest period in the life cycle of a firm, industry, or product, during which sales peak and start to decline. In economics, the final stage of economic growth characterized by high level of mass consumption.
Detailed explanation-5: -Maturity. The start of the maturity phase is marked by the decline in the sale, which increases gradually. This stage is the longest as well as the most prosperous phase in a product’s life cycle.