Technological changes often explain why a product enters the decline stage of the product life cycle.

Question

Quizplus · Accepted Answer

Technological advances often lead to the introduction of new and improved products, which in turn can cause older products to become obsolete and enter the decline stage of the product life cycle. Customers may prefer the newer products with better features and capabilities, leading to a decrease in demand for the older product.

Technological Changes Often Explain Why a Product Enters the Decline