A product's life cycle is divided into four stages, which are:

A. introduction, growth, saturation, and maturity.

B. introduction, growth, stability, and decline.

C. introduction, maturity, saturation, and decline.

D. introduction, growth, maturity, and decline.

E. incubation, growth, maturity, and decline.

Question

Amy

Business

23 January, 16:19

A product's life cycle is divided into four stages, which are:

A. introduction, growth, saturation, and maturity.

B. introduction, growth, stability, and decline.

C. introduction, maturity, saturation, and decline.

D. introduction, growth, maturity, and decline.

E. incubation, growth, maturity, and decline.

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Answers (1)

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Eve Ford · Answer 1

Answer: D. introduction, growth, maturity, and decline.

Explanation: The life cycle of products are divided into for stages. And it is the entirety of the process wherein a product is brought to a market, grows in popularity and demand, and is then removed from the market as demand drops gradually to zero.

These stages include:

1. Introduction - is characterized by a low growth rate of sales as the product is newly launched. Demand is very low and consumers may not know much about the product.

2. Growth - the public becomes increasingly aware of the product; demand, sales and revenues begin to increase.

3. Maturity - sales gets to its peak. This is because the product reaches market saturation, and competition with other similar products grows increasingly fierce.

4. Decline - sales, growth, begins to shrivel up, profits decline, competition still remains high, and the product ultimately reaches its 'death' and is recalled from the market or production stopped entirely.