MANAGEMENT

Detailed explanation-1: -The maturity stage of the product life cycle is the stage in which the growth in sales slows down.

Detailed explanation-2: -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-3: -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-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.

Detailed explanation-5: -Saturation: At the saturation stage, the market becomes saturated with the product and sales start to decline. Companies will start to look for ways to differentiate the product from competitors. Decline: During the decline stage, sales and profits start to decline.