MANAGEMENT

Detailed explanation-1: -The maturity stage of the product life cycle is the most profitable stage, the time when the costs of producing and marketing decline.

Detailed explanation-2: -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.

Detailed explanation-3: -In the decline stage, product sales drop significantly, and consumer behavior changes, as there is less demand for the product. The company’s product loses more and more market share, and competition tends to cause sales to deteriorate.