ECONOMICS
BUSINESS CYCLES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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lay off staff
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create more products
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cut costs
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open more business locations
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Detailed explanation-1: -During the maturity phase, your marketing campaigns focus more on differentiation than awareness. Proper differentiation, better pricing, brand preference, and continued innovation are key marketing solutions to help navigate the maturity stage.
Detailed explanation-2: -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 the growing competition.
Detailed explanation-3: -Maturity Stage Depending on the good, a company may begin deciding how to innovate its product or introduce new ways to capture a larger market presence. This includes getting more feedback from customers, and researching their demographics and their needs.
Detailed explanation-4: -Some of the common strategies to try are: improving product quality. adding new product features or support services to grow your market share. entering new markets segments.