Because of strong competition during a product's decline stage,the price of the product often falls.

Name: Because of strong competition during a product's decline stage,the price of the product often falls.
Brand: Quizplus
Rating: 5.0 (37 reviews)

Question

Quizplus · Accepted Answer

During the decline stage, sales of a product decrease, and companies may try to reduce their inventory by lowering the price. However, competitors may also be lowering their prices to remain competitive, leading to a price war. As a result, the price of the product often falls during this stage.

Because of Strong Competition During a Product's Decline Stage,the Price