Question

Which of the following explains why a product is removed from the market due to low sales? Responses It is not selling much because it is still in the introduction phase. It is not selling much because it is still in the introduction phase. It has been on the market too long, so it has reached its maturity. It has been on the market too long, so it has reached its maturity. It hit a wall after entering the growth phase of its life cycle. It hit a wall after entering the growth phase of its life cycle. It is in the decline phase of the product life cycle.

Answer 1

The most likely explanation for a product being removed from the market due to low sales is that it is in the decline phase of the product life cycle. This phase is characterized by a decrease in demand for the product, which can be due to several reasons such as changing customer preferences, increased competition, or technological advances. If a product has been on the market for a while and is not generating enough sales, it may no longer be financially viable for the company to continue producing and marketing it. Therefore, it may be removed from the market.

Step-by-step explanation: