Craft Inc'S Krayons Is a Multi-Color Chalk Material That Was Released

Multiple Choice

Craft Inc.'s Krayons is a multi-color chalk material that was released in the market over a century ago. Since the release, the company has had remarkable sales and Krayons has remained unchanged. However, over the last few years, sales of Krayons have been stagnant. Competitors have begun marking prices down, and increasing their advertising and sales promotions. Craft's Krayons is most likely in the ________ stage of the product life cycle.

A) introduction
B) maturity
C) growth
D) decline
E) incubation