Question

A product's life cycle is divided into four stages, which are:

A) introduction, growth, saturation, and maturity.
B) introduction, growth, stability, and decline.
C) introduction, maturity, saturation, and decline.
D) introduction, growth, maturity, and decline.
E) incubation, growth, maturity, and decline.

Answer 1

The correct option is: D) introduction, growth, maturity, and decline.

Step-by-step explanation:

Product life-cycle refers to the various stages involved in the life-cycle of a product.

There are four stages of product life-cycle:

1. Introduction: This stage involves launching a new product in the market.

2. Growth: This stage is characterized by strong growth in the sale and profit.

3. Maturity: This stage involves maintaining market shares.

4. Decline: This stage is characterized by decline in the sale and profit.