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dsp73
2 years ago
13

Why is it critical for an organization to understand that eventually a product will go into the decline stage

Business
1 answer:
Ahat [919]2 years ago
8 0

It is critical for an organization to understand that eventually a product will go into the decline stage prepare to find replacement products.

<h3>What is the decline stage of the product?</h3>

Decline stage is the last stage of the product life cycle which comes after the after introductory stage, growth stage and maturity stage.

It is the stage when the sales drop and start to decline as original need for the product have diminished.

Decline is also the reason due to the innovation of the new product.

Learn more about the decline stage of a product here:-

brainly.com/question/6960017

#SPJ1

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true

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4 years ago
How does a firm in perfect competition identify profit maximizing output levels? How does this differ from profit maximization l
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As in a situation of perfect competition the company is accepting price, then it sells its product at the price given by the market, so its optimal point will be: Marginal Cost = Marginal Income = Price

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3 years ago
Managers can increase their ability to make nonprogrammed decisions that will allow them to adapt to, modify, and even drastical
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organizational learning

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Organizational learning -

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7 0
3 years ago
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