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प्रश्न
In declining stage of PLC, which tool would be more preferred?
पर्याय
Sales promotion
Personal selling
Advertising
Publicity
उत्तर
Sales promotion
Explanation:
During the declining stage of the Product Life Cycle, sales promotion is often the preferred tool because it can quickly stimulate demand and clear out remaining inventory. Tactics like discounts, coupons, and special offers are used to attract customers and encourage them to make a purchase, helping the company maximize remaining profits before discontinuing the product.
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संबंधित प्रश्न
Which stage of Product Life Cycle has a greater emphasis on customer service?
Which stage of the product life cycle is marked by falling costs and rising revenues?
Which stage of the Product Life Cycle is characterised by saturation in the market?
Which feature is pertaining to Introduction stage of PLC?
What happens to a product in the decline stage of its life cycle?
How is the product life cycle advantageous?
Explain the first two stages of product life cycle.
Explain the decline stage of the product life cycle.
Explain the abandonment stage of the product life cycle.
Explain the strategies to be adopted during the growth stage of the Product Life Cycle.
