Ask Question
BusinessBusiness
27 April, 16:18

In which stage of the product life cycle does price decrease as competition increases and inefficient, high-cost firms are eliminated?

+2
Answers (1)
  1. 27 April, 16:46
    0
    The correct answer is "maturity stage"

    Explanation:

    The product life cycle is divided into four stages: introduction, growth, maturity, and decline. This concept allows the managers to decide when is an appropriate moment to increase, reduce or expand to a new market with a specific product.

    At the maturity stage price decrease as competition increases and inefficient, high-cost firms are eliminated
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “In which stage of the product life cycle does price decrease as competition increases and inefficient, high-cost firms are eliminated? ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
The type of decision making a consumer uses for a product does not necessarily remain constant. why?
Answers (1)
A long-term source of finance which requires the borrower to provide property and land as collateral (security guarantee) to the lender in case the borrower defaults on the loan. a. Mortgage b. Consumer Share c. Loan d. None of the above
Answers (1)
Day Corporation, an S corporation, reported a $73,000 ordinary loss for Year 1 (a non-leap year). Day uses the calendar year as its taxable year, as do all of its shareholders. Individual B owns 25% of the Day stock at all times during Year 1.
Answers (1)
What type of education is required for a composer?
Answers (1)
Valli Company uses the percentage of sales method for recording bad debts expense. For the year, cash sales are $700000 and credit sales are $2500000. Management estimates that 1% is the sales percentage to use.
Answers (1)
New Questions in Business
Sandusky Company borrowed $28,000 from the Lakeside Bank by issuing a 10% three-year installment note. Sandusky agreed to repay the principal and interest by making annual payments in the amount of $11,259.21.
Answers (1)
Some discount stores put products in large bins and let consumers hunt and find bargains. The price these consumers pay includes: a. the time the product was full price and didn't sell b. the value of their time and energy c.
Answers (1)
Which one of the following is not a financial intermediary? A. Security dealers B. Insurance companies C. Real estate investment trusts D. Pension funds
Answers (1)
Sherry often makes long personal phone calls from her desk during the work day. Alvin likes to wear shorts and old t-shirts to work during the summer. Jillian usually arrives 10 minutes late to the office in the morning.
Answers (1)
Which of the two would you consider most important, money or inventory?
Answers (1)
Home » Business » In which stage of the product life cycle does price decrease as competition increases and inefficient, high-cost firms are eliminated?
Sign Up Forgot Password?