Which of the following would lead to greater competition in the maturity stage of the PLC?
A)overcapacity in the market
B)market pioneers
C)poor management
D)inadequate promotion
E)diminishing budgets

Question

Quizplus · Accepted Answer

Overcapacity in the market can lead to excess supply, which results in businesses competing for customers by lowering prices, improving product differentiation, and investing in marketing activities to stand out from the competition. This increased competition can lead to better quality products, lower prices for consumers, and an overall increase in market demand.

Which of the Following Would Lead to Greater Competition in the Maturity