ENTREPRENEURIAL MARKETING
MARKETING MIX
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is the third phase in the life cycle of a product?
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Decline in sales.
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Sales increase slowly.
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Sales begin to grow rapidly.
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Sales reach saturation point.
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Explanation:
Detailed explanation-1: -The four stages of the product life cycle are introduction, growth, maturity, and decline.
Detailed explanation-2: -Broadly speaking, almost every product sold undergoes the product life cycle. This cycle of market introduction, growth, maturity, and decline may vary from product to product-or industry to industry.
Detailed explanation-3: -The 4 stages of the product life cycle are introduction, growth, maturity, and decline. Learn how to leverage this into your business strategy. Do you want to build a successful product? If so, you need to understand the product life cycle.
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