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Is it better for a business to have a product at the maturity stage rather than the growth stage. Discuss this statement and decide whether you agree or not.

(Someone pls help, it’s a 6 mark question)
Thanks

1 Answer

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It is better for a business to have a product at the maturity stage.

Step-by-step explanation:

During growth stage period the product is accepted by the consumers eventually as well as starts earning profit. During the growth stage the industries come to know regarding the product , the products are accepted by the market as well as sales and revenues began to increase.

After the introduction of the product and also after its growth stage that comes is called the maturity stage . In this stage the product starts achieving large number of shares and have started to hold a place in the market. So it is better to hold the market during the maturity stage because during this stage a goodwill has already been achieved.

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