BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -This should be a period of rapid growth in both sales and profits for your product or service. Your profits should rise through an increase in output and more competitive pricing.

Detailed explanation-2: -During the maturity stage, products begin to enter the most profitable stage. The cost of production declines while the sales are increasing.

Detailed explanation-3: -A product life cycle consists of four stages: introduction, growth, maturity, and decline. A lot of products continue to remain in a prolonged maturity state.

Detailed explanation-4: -The maturity stage of the product life cycle is when business growth levels out because the product has saturated its market. Ironically, this is where the money is made, but it’s also where the product – and business – is at the most risk of disruption from below.

Detailed explanation-5: -The maturity stage divides into three phases: growth, stable, and decaying maturity.