In the context of the product life cycle, a long-run drop in a product's sales signals the beginning of the__________
Fill in the blanks with correct word.
ANSWER: decline stage
A long-run drop in sales signals the beginning of the decline stage. The rate of decline is governed by how rapidly consumer tastes change or substitute products are adopted.
You might also like to view...
When The Candy Store sets a low initial price in order to get its "foot in the door" and to quickly attract a large number of buyers, the company is using market-skimming pricing
Indicate whether the statement is true or false
Movie production companies sometimes re-release classic films to theaters to give people who enjoyed them the first time a chance to see the movies again. This is an example of a market penetration strategy
Indicate whether the statement is true or false
A bid that conforms to the invitation to bid is said to be _______.
a. responsible b. inexpensive c. responsive d. reliable
If a process occurs in a continuous cycle, the writer should begin the step-by step part of the process
description with a major step. Indicate whether the statement is true or false