Asked by Lizbeilyn Ozoria on Jun 15, 2024

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In which stage of the product life cycle would share building most likely be difficult and lead to price competition?

A) growth
B) decline
C) maturity
D) introduction

Share Building

The process of increasing a company's market share through strategies like marketing, sales promotion, and product innovation.

Product Life Cycle

The progression of a product through stages from introduction to growth, maturity, and decline, impacting marketing and production strategies.

Price Competition

Involves businesses competing primarily on the price of their products or services, usually leading to lower prices for consumers.

  • Comprehend the strategic consequences associated with various phases of the product life cycle.
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nathan allredJun 16, 2024
Final Answer :
C
Explanation :
During the maturity stage of the product life cycle, competition is high and there are many players in the market. This makes it difficult for new entrants to build market share and often leads to price competition in order to attract customers.