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      Question

      Which stage of Product Life Cycle is characterized by

      stable sales and intense competition?
      A Introduction Correct Answer Incorrect Answer
      B Growth Correct Answer Incorrect Answer
      C Maturity Correct Answer Incorrect Answer
      D Decline Correct Answer Incorrect Answer
      E Innovation Correct Answer Incorrect Answer

      Solution

      Maturity stage shows stable sales, price competition, and high rivalry. Why Other Options Are Incorrect • A: Slow growth. • B: Rapid increase in sales. • D: Falling sales. • E: Not PLC stage. Banking Example: Savings accounts market in urban India.

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