At which stage of the product life cycle do promotions,such as coupons,rebates,and multipacks,flourish?
A) The decline stage
B) The introduction stage
C) The growth stage
D) The maturity stage

Question

Quizplus · Accepted Answer

Promotions such as coupons, rebates, and multipacks are most commonly used during the maturity stage of the product life cycle. This is because during this stage, competition is high and market saturation has been reached, leading to the need for promotions to incentivize customers to choose their product over competitors.

At Which Stage of the Product Life Cycle Do Promotions,such