Question

Question :- The strategy to keep prices low and induce product through trail, leading to negative profit is typical for which stage of PLC? a) Growth b) Maturity c) Introduction d) Decline

Answer 1

Answer:

Product Life Cycle Stages – Introduction Stage, Growth Stage, Maturity Stage, Decline Stage, Abandonment (With Marketing Strategies). Like human ...

Answer 2

c) Introduction

Explanation:

• The Introduction stage of the Product life cycle is to keep the prices low and induce product through trail which leads to negative profit.
• The new product is introduced one in the infant stage for sales distribution. The profit is low due to heavy investment in create awareness by inducing trial products.
• There is more investment needed during this initial stage of cycle. The first stage of PLC is more risky and expensive because there is less awareness in the market.

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Question :- The strategy to keep prices low and induce product through trail, leading to negative profit is typical for which stage of PLC? a) Growth b) Maturity c) Introduction d) Decline

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