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प्रश्न
In which stage of product life cycle, the company takes decision whether to maintain, harvest or drop the product?
विकल्प
Introduction
Growth
Maturity
Decline
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उत्तर
Decline
Explanation:
In the decline stage of the product life cycle, sales and profits begin to fall as the product loses market appeal due to factors such as market saturation, technological advancements, or changing consumer preferences. At this point, companies must decide whether to maintain the product by finding new uses or markets, harvest it by reducing costs and continuing to sell as long as possible or drop it all together by discontinuing the product.
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संबंधित प्रश्न
Justify the following sentence for or against and give a reason:
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