During the ________ stage of a product's life cycle, sales show a downward drift and profits erode.
A) introduction
B) growth
C) decline
D) obsolescence
E) maturity

Question

Quizplus · Accepted Answer

During the decline stage, the market becomes saturated, and competition becomes fierce. This leads to a decrease in sales, and profits begin to decline as prices are lowered to maintain market share.

During the ________ Stage of a Product's Life Cycle, Sales