In which stage of the product life cycle should product strategy focus on improved cost control?

A) introduction
B) growth
C) maturity
D) saturation
E) inflation

New Product

A good, service, or idea that has recently been introduced to the market, offering new benefits or satisfying newly identified needs or market niches.

Economic Change

A shift in the state of an economy, often marked by fluctuations in employment, prices, and wealth, potentially initiated by policy, market, environmental, or technological alterations.

Demographic Change

The alteration over time in the statistical characteristics of a population, such as age, race, or income.