kellogg's begins to sell its cereals in new markets after conducting extensive marketing research. after the cereal begins to a

Question

3 years ago

6

kellogg's begins to sell its cereals in new markets after conducting extensive marketing research. after the cereal begins to a

ppear in these new markets, the company increases its promotion expenditure to counteract competitive responses. kellogg's is in the ________ stage of the product life cycle.

Business

1 answer:

Dafna11 [192] · Answer 1 · 2022-01-19T23:48:52+03:00

The fact that Kellog is increases its promotion expenditure to counteract competitive responses means that Kellogg's is in the maturity stage of the product life cycle. The maturity stage us the third stage of the product life cycle, and comes after the Introduction and Growth stages.
In this stage the companies are focused on maintaining their market share in the face of a number of different challenges.

​kellogg's begins to sell its cereals in new markets after conducting extensive marketing research. after the cereal begins to a

kellogg's begins to sell its cereals in new markets after conducting extensive marketing research. after the cereal begins to a