Technology is changing consumer behavior in a variety of ways such as the adoption of streaming services such as Netflix.Netflix faces increasing competition from Amazon and Hulu Plus as well as satellite and cable companies who offer video on demand.Netflix has experienced rapid adoption by consumers but the entrance of competition is creating challenges for Netflix to remain dominant.What stage of the product life cycle best describes Netflix?
A) growth
B) introduction
C) maturity
D) decline
Correct Answer:
Verified
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