MANAGEMENT

Detailed explanation-1: -Maturity Stage: During the maturity stage of the product life cycle, the sharp growth in sales begins to slow, and profits at the beginning of this stage decline.

Detailed explanation-2: -Maturity Stage Marketing Strategy Continuously improve upon the product as adoption grows, and let consumers know in your marketing strategy that the product they love is better than it was before.

Detailed explanation-3: -Decline Stage In the fourth stage of the product life cycle, the product fails to make the same kind of revenue and profits as it did before, though it could still be profitable, albeit with smaller margins.

Detailed explanation-4: -The decline stage in the product life cycle is when a product dissolves as a result of decreased or negative growth. It is a result of lower demand, which ultimately results from new inventions and technology advancements.