In which stage of the product life cycle would a firm most likely use price reductions and reminder advertising to encourage cus

Question

2 years ago

10

tomers to replace worn-out items

1 answer:

skad [1K] · Answer 1 · 2023-06-12T18:22:09+03:00

In maturity stage of the product life cycle a firm would most likely use price reductions and reminder advertising.

<h3>What is product life cycle?</h3>

A product life cycle can be regarded as length of time from introduction of a product to consumers till the the consumer get the product.

This comes in stages, one of the this stage is

maturity stage of product life cycle where discount is used for consumers.

Learn more about product life cycle at;