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Question : Which of the following is NOT a stage in the product life cycle?

 

Option 1: Introduction

Option 2: Growth

Option 3: Maturity

Option 4: Decline


Team Careers360 24th Jan, 2024
Answer (1)
Team Careers360 25th Jan, 2024

Correct Answer: Decline


Solution : The correct answer is (d) Decline.

Decline is the stage when sales start to decline due to changes in customer preferences, market saturation, technological advancements, or the emergence of new products. Companies may decide to discontinue the product or make significant changes to revitalize sales.

 

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