Question

Nutrioats, an oatmeal cookie product, has been in the market for over seven years. However, the product is now in its decline stage. In this case, which of the following will be a successful strategy to market Nutrioats?

Answer 1

The correct answer would be, Eliminating all nonessential marketing expenses and letting sales decline.

In this case, the above mentioned strategy will be the successful strategy to market Nutrioats.

Explanation:

There are four main stages in the product life cycle. These are:

• Introduction
• Growth
• Maturity
• Decline

When the product is in its decline stage, it is better to eliminate all the non essential marketing expenses and letting the sales decline, because the product has been in the market for so long, and has made its boom, and have also created loyal customers base, so the customers who are loyal will definitely buy the product and the ones who have not yet bought it, will not going to buy it even now. So all unnecessary expenses on marketing the product should be eliminated.

Learn more about Product Life Cycle at:

brainly.com/question/8912873

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