In the context of the product life cycle theory,which of the following statements is true of the maturing stage?
A) In this stage,a new product is commoditized.
B) In this stage,a new product is standardized.
C) In this stage,it becomes worthwhile to produce goods in other developed nations.
D) In this stage,production of a new product that commands a price premium is involved.

Question

Quizplus · Accepted Answer

In the maturing stage of the product life cycle, demand increases, and it becomes economically viable to produce the product in other developed nations to meet the growing market needs.

In the Context of the Product Life Cycle Theory,which of the Following