Products that reach the late majority and laggard segments are in the maturity phase of the product life cycle.

Name: Products that reach the late majority and laggard segments are in the maturity phase of the product life cycle.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The late majority and laggards are the last groups to adopt a product, indicating it has reached widespread acceptance and is in the maturity phase of the product life cycle, where sales growth begins to slow down.

Products That Reach the Late Majority and Laggard Segments Are