Question

The 5.5 million vinyl long-playing (LP) records sold in the United States per year pales in comparison with the 1.26 billion digital downloads. The grooves in vinyl records create sound waves that are similar to those of a live performance, however, which means they provide a more authentic sound, which in turn means nightclub DJs, discerning music listeners, and collectors will always prefer them. Firms that sell LPs position themselves for a niche segment of diehard consumers. They are in the ________ stage.

A. product
B. development introduction
C. growth maturity
D. decline

Answer 1

D. decline

Step-by-step explanation:

Based on the information provided within the question it can be said that the vinyl records in this scenario seem to be in the decline stage of the product life cycle. This stage refers to when a product has already peaked in performance and sales begin to fall and production will ultimately come to a halt. This is what is happening to the LP stores since digital downloads have taken over and the only people buying LP's now are die-hard consumers.