Multiple Choice
Which of the following statements is true when we consider innovation for products in the context of the product life cycle?
A) Innovation may not be of particularly great importance for mature products.
B) It is too late to improve profitability of mature products through innovation.
C) Innovation is applicable only during the introduction stage of a product's life cycle.
D) Innovation is not required during a product's growth stage.
Correct Answer:
Verified
Correct Answer:
Verified
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