Which of the following is most likely to occur during the maturity stage of the retail life cycle?
A)Prices are cut.
B)Profits are low due to development costs.
C)Declining competition makes it easier to maintain customer loyalty.
D)Competitors become obsolete as newer ways of doing business emerge.
E)The retailer fundamentally changes to meet customers' new needs.

Question

Quizplus · Accepted Answer

During the maturity stage of the retail life cycle, competition is high and profits may begin to decline. To stay competitive, retailers often resort to price cutting to maintain their customer base, making A the best choice.

Which of the Following Is Most Likely to Occur During