ENTREPRENEURIAL MARKETING
MARKETING MIX
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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introduction
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advancement
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growth
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maturity
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Detailed explanation-1: -D) Maturity is the stage of the product life cycle at which the product reaches its peak. There is no more scope of growth in the life cycle of the product after this stage. The promotion of the product is not to a very great extent at this point. So, it is a wrong option.
Detailed explanation-2: -The product life cycle is the progression of a product through 5 distinct stages-development, introduction, growth, maturity, and decline.
Detailed explanation-3: -There are five stages in the organizational life cycles which includes introduction, survival, early growth, maturity and decline. The scale is not included in the stages of organizational life cycle. Hence, the scale is not one of the five stages of life cycle.
Detailed explanation-4: -Ideation. The first step in the product development life cycle is ideation, or generating new ideas. Validation. Prototyping. Marketing. 5. Development. Launch. Improvement. 27-Oct-2022