The Demand for Flip Phones Has Drastically Reduced, and There

Multiple Choice

The demand for flip phones has drastically reduced, and there are only a few consumer electronics companies selling them at extremely low prices. Also, the current buyers of flip phones are mainly categorized under laggards. Which of the following stages of the industry life cycle is the flip phone industry in currently?

A) growth stage
B) maturity stage
C) decline stage
D) commercialization stage