In which stage of the product life cycle does competition become more aggressive, with declining prices and profits?
A) Introduction
B) Growth
C) Maturity
D) Decline

Question

Quizplus · Accepted Answer

During the maturity stage of the product life cycle, the competition becomes more aggressive as many companies have entered the market and are fighting for market share. This leads to declining prices and profits as companies try to undercut each other to gain an edge.

In Which Stage of the Product Life Cycle Does Competition