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प्रश्न
What happens to a product in the decline stage of its life cycle?
उत्तर
- This stage is marked by the product being gradually replaced by newer, superior products or shifts in consumer buying behaviour. Sales decline sharply, and promotional spending must be significantly reduced to minimize losses.
- The focus shifts to efficient distribution at the lowest possible cost. Unless new uses for the product are discovered, sales may decrease rapidly, leading to the product's exit from the market.
संबंधित प्रश्न
Justify the following sentence for or against and give a reason:
Product differentiation is the main aim of branding.
Which stage of the product life cycle is marked by falling costs and rising revenues?
The following are all major stages of a product life cycle except ______.
Which stage of the Product Life Cycle is characterised by saturation in the market?
A high percentage of new products fail during this period of Product Life cycle:
Choose the correct sequence of the Product Life Cycle.
Which feature is pertaining to Introduction stage of PLC?
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Mention the various stages of 'Product Life Cycle'.
How is the product life cycle advantageous?
