📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!


    Question

    Which strategy is most suitable during the maturity

    stage of the Product Life Cycle?
    A Market skimming Correct Answer Incorrect Answer
    B Product modification Correct Answer Incorrect Answer
    C Heavy research and development Correct Answer Incorrect Answer
    D Market exit Correct Answer Incorrect Answer
    E Penetration pricing Correct Answer Incorrect Answer

    Solution

    In the maturity stage, competition is intense and growth slows. Firms modify products to differentiate and retain customers.

    Practice Next
    ask-question