Question

Reduce-focus pricing is most likely to occur in the ________ stage of the product life cycle.

A) mature

B) decline

C) early

D) extinction

E) growth

Answer 1

Reduce-focus pricing is most likely to occur in the decline stage of the product life cycle. In this stage, companies lower the prices of their products to maintain market share and attract customers before the product reaches its extinction stage.

Step-by-step explanation:

Reduce-focus pricing is most likely to occur in the decline stage of the product life cycle. In this stage, the demand for the product starts to decrease, and competition becomes intense. To maintain market share and attract customers, companies often lower the prices of their products. This strategy helps them stay competitive and maximize sales before the product reaches its extinction stage.