35.5k views
2 votes
A​ product's life cycle is divided into four​ stages, which​ are: A. ​introduction, growth,​ maturity, and decline. B. ​introduction, growth,​ saturation, and maturity. C. ​introduction, maturity,​ saturation, and decline. D. ​introduction, growth,​ stability, and decline. E. ​incubation, growth,​ maturity, and decline.

User J Brun
by
5.3k points

1 Answer

1 vote

Answer:

A. ​introduction, growth,​ maturity, and decline.

Step-by-step explanation:

The four stages of a product life cycle are

Introduction: is when the product is launched to the market. The focus at this moment is to create awareness of among consumers. Companies may choose to use a low price as a way of attracting customers. A lot of finances and resources are used to gain market share and create a brand name. Profits are not a concern at this level.

Growth: the product starts to record high volume of sales. Customers are becoming more aware of the product. The product qualities are recognized, and word about the product is spreading. More resources are used in marketing to target a bigger audience.

Maturity: At maturity, demand for the product is high. The product can withstand competition from rivals. The sales are at a peak stage. The business may differentiate the product to make standout it from the rest and to prolong this stage.

Decline; At this last stage, the product reaches its saturation point. Sales begin to decline. The company need to decide on whether to withdraw or to make significant changes to the product.

User Sadcow
by
5.2k points