Question

MAX Electronics produces tiny wireless speakers that can be used with computers and MP3 players. The firm has built new factories to expand capacity and meet increasing domestic and foreign demand. Over the last six months, foreign and domestic competitors have emerged with a similar product in an attempt to benefit from high consumer demand. MAX Electronics is most likely in the ________ product stage of the product life cycle. Group of answer choices

Answer 1

Answer:

maturing

Explanation:

Based on the information provided within the question it can be said that Max Electronics is most likely in the maturing product stage of the product life cycle. This is the stage where the company uses techniques to mass produce a product and where foreign demand begins to rapidly increase leading to foreign competition arising. Which seems to be exactly what is happening with Max Electronic's Wireless Speakers.

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