Question

In the maturity stage of the product life cycle_________________________. companies typically don't advertise at all since brands are well known by consumers by now competition is very intense and many companies use price promotions extensively to win over competitors' customers profit margins are typically increasing at a high rate advertising focuses on educating consumers on how to use a product companies are not making any money at all

Answer 1

By now competition is very intense and many companies use price promotion s to extensively win over competitors customers

Step-by-step explanation:

There are five stages in the life cycle of any product. One of them is the maturity stage.

At this stage, competitors cause a reduction in profit due to price competition and firms are forced to spend a lot of money on advertising to sustain brand loyalty.

Some companies that can not survive the competition may be forced to leave the market.