A product such as a refrigerator is likely to remain in the maturity period of its product life cycle until a superior product comes along to replace it.

Question

Quizplus · Accepted Answer

Once a product reaches the maturity stage of its life cycle, it can remain there for a considerable period of time. However, it may decline if a superior product comes along and replaces it in the market. Therefore, the statement is true.

A Product Such as a Refrigerator Is Likely to Remain