The HiTech company operates in the technology sector and is considering offering more customised solutions to its clients. This company is MOST likely in which stage of the product life cycle?
A) introduction
B) growth
C) maturity
D) decline
E) demise

Question

Quizplus · Accepted Answer

The HiTech company is considering offering more customised solutions, which indicates that they are trying to differentiate their product and expand their market share in the mature stage of the product life cycle. In the maturity stage, companies often focus on product differentiation to maintain or increase sales as competition intensifies.

The HiTech Company Operates in the Technology Sector and Is