ENTREPRENEURIAL MARKETING
MARKETING MIX
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Development, Introduction, Growth, Maturity, Saturation, Decline
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Introduction, Development, Growth, Maturity, Saturation, Decline
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Development, Introduction, Growth, Saturation, Maturity, Decline
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Introduction, Development, Maturity, Growth, Saturation, Decline
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Detailed explanation-1: -There are four stages in a product’s life cycle-introduction, growth, maturity, and decline. A company often incurs higher marketing costs when introducing a product to the market but experiences higher sales as product adoption grows.
Detailed explanation-2: -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-3: -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