Question

explain the maturity stage and abandonment stage of product life cycle.​

Answer 1

Answer:

The maturity stage of the product life cycle shows that sales will eventually peak and then slow down. During this stage, sales growth has started to slow down, and the product has already reached widespread acceptance in the market, in relative terms. Ultimately, during this stage, sales will peak. In maturity stage prices of the product fall and profits also fall due to high competitive pressures.

 Abandonment Stage : This is the final stage of the product life cycle. In this stage, the firm abandons the product in order to make better use of its resources.

Answer 2

Answer:

Maturity stage : The maturity stage of the product life cycle shows that sales will eventually peak and then slow down. During this stage, sales growth has started to slow down, and the product has already reached widespread acceptance in the market, in relative terms.

Abandonment stage : This is the final stage of the product life cycle. In this stage, the firm abandons the product in order to make better use of its resources.

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