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denpristay [2]
3 years ago
5

Acme Corporation is currently experiencing rising sales for a new-product idea it pioneered several months ago. Profits are also

increasing, so other competitors are now entering the market with similar products. The competitive situation is changing from monopoly to monopolistic competition. In which stage of the product life cycle is Acme Corporation operating?A) Market introduction
B) Market maturity
C) Market growth
D) Sales decline
E) Market establishment
Business
1 answer:
kolezko [41]3 years ago
4 0

Answer:

B) Market maturity

Explanation:

Product life cycle is the different stages involving a product's introduction through to its period of decline. Just as living organisms have life cycles, so do products as well. A product's life cycle involves three major stages; Introduction or Early stage, Maturity stage and Declination stage. The introduction stage involves the period the product is just fresh from the factory with different series of modelling and has yet to be introduced to the target market. Introduction stage includes the period it is now introduced to the target market. Maturity stage involves the period the product has been introduced to the market. At this stage, it can draw either positive or negative responses. When it draws a positive response, it means the target market enjoy the product and tend to purchase more with sales skyrocketing. Declination stage involves the period the product attracts low sales.

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$434,000

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How hospital capacity considerations differ from a factory.
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2 years ago
Dustup, a cleaning products company, was trying to revive its old wood floor waxing product. It began offering an augmented serv
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The market is always king. Getting first-hand information about what consumers need and how they need it is the best way to go about creating a product or modifying an existing one to become more profitable.

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Cheers!

7 0
3 years ago
Yellow Co. spent $12,000,000 during the current year developing its new software package. Of this amount, $4,000,000 was spent b
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Answer:

devopment expense                                   4,000,000

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4 0
3 years ago
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