At which stage of the product life cycle is product strategy likely to focus on improved cost control?
Answers
After the introduction and growth stage of a company, when a large number of share a company achieves then it focus on improved of cost control, and also in the maturity stage a company also maintains the cost control.
When a company's market is already started means consumers are fixed to buy the products from the same company then company can improve their cost control, because that time jus few buyers are now.
The product strategy is more likely to focus on the improved cost control during the maturity stage of the product life cycle.
During the maturity stage, the primary concern of all the company’s, businessesa and industries is to maintain their market shares from some of the different challenges.
This is quite a challenging stage for all manufacturers in the market.