Asked by David Johnson on Jun 25, 2024
Verified
If a company is eliminating certain models of a product and cutting back on expenditures,the product is most likely in the _____ stage of the product life cycle.
A) growth
B) intermediate
C) introductory
D) decline
E) maturity
Product Life Cycle
The progression of a product through several stages from introduction to growth, maturity, and decline, affecting marketing and sales strategies.
Expenditures
The act of spending funds or money on goods, services, or activities, either for immediate needs or for future benefits.
- Gain an understanding of the product life cycle's stages and the strategies suited for each of those stages.
Verified Answer
KM
Kabore Marco Simon KaboreJun 30, 2024
Final Answer :
D
Explanation :
When a company is eliminating certain models of a product and cutting back on expenditures, it indicates that the product is in the decline stage of the product life cycle. This stage is characterized by a decrease in sales and profits, leading companies to reduce costs and possibly phase out products.
Learning Objectives
- Gain an understanding of the product life cycle's stages and the strategies suited for each of those stages.
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