Multiple Choice
If a firm is facing intense competition on the prices of its product and in turn it is leading to a decrease in the firm's profit margins, then the product is said to be in the stage of its life cycle.
A) decline
B) introduction
C) maturity
D) growth
E) deterioration
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q42: Innovators are crucial to the success of
Q55: What is diffusion of innovation?
Q59: Alttaire automobiles developed new hybrid cars that
Q60: A cosmetics company, which mainly produces soaps,
Q61: The stage in a product life cycle
Q62: Infotech Inc., a technology firm, is trying
Q63: The term di fusion of innovation refers
Q65: An electronics company manufactures LCD TVs that
Q67: A brief written description of a product
Q68: Jeremy is interested in buying a phone