Question

During the maturity stage of the product life cycle, profit declines because:

Profitdeclinesbecausethereisfiercepricecompetitionamongmanysellersandthecostofgainingeachnewbuyeratthisstageisgreater

A there are fewer and fewer competitors in the market.

B better products are only in the growth stage

C production costs increase the more a firm has to manufacture the same product.

D there is fierce price competition among sellers.

E None of these

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