"Strategies to slow the entry of competitors are important if an organization is entering an industry during the _____ stage of

Question

Jet001 [13]

2 years ago

11

"Strategies to slow the entry of competitors are important if an organization is entering an industry during the _____ stage of

the product life cycle."

Business

1 answer:

denpristay [2] · Answer 1 · 2022-05-23T07:57:27+03:00

Answer: Growth

Explanation: It is important to slow the entry of competitors during the growth stage of the product life cycle as that is the period new companies aim to profit from a new expanding market.

However, this can be done by reducing the prices of products to obtain the needed increase in sales and introducing product innovations like new details, more polished marketing techniques and changes to make sure attention in the products continue to grow and not cease to move.