During the maturity stage of the product life cycle, the: a.number of new firms producing the current product increases. b.produ

Question

3 years ago

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During the maturity stage of the product life cycle, the: a.number of new firms producing the current product increases. b.produ

ct differentiation concerns are negligible. c.number of established firms producing the product declines. d.overall demand for the product increases.

Business

2 answers:

Rashid [163] · Answer 1 · 2021-12-13T08:54:06+03:00

Answer:

C.number of established firms producing the product declines.

Explanation:The product lifecycle have four stages, which includes the PRODUCT INITIATION STAGE( the stage where the product is first introduced into the market),THE GROWTH STAGE(The stage where the product starts to make more sales, increase in demand and Customer continue to rise),THE MATURITY STAGE(this is the longest stage in the product lifecycle,where advertisement has little or no effect on demand, firms continue to decline).

DECLINE STAGE(The stage where the product sales and demand continue to drop).

Ilia_Sergeevich [38] · Answer 2 · 2021-12-13T10:40:18+03:00

Answer:

The correct answer is letter "C": number of established firms producing the product declines.

Explanation:

Product Life Cycle is the period during which a product is conceived and developed, brought onto the market and subsequently removed from the market. The cycle is composed of four (4) stages. The product is researched and developed in the first place. When it is marketed and rolled out effectively, the product is mass-produced until it is widely available. Finally, demand will decrease as well as the number of manufacturing companies and the product will become obsolete.