What is the most cost effective tools when product is declining?
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decline stage: when a product is not predicted to continue to be successful .... As the market grew, businesses learned to be more efficient in producing the PC and prices came down.
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Explanation:
reduce your promotional expenditure on the products.
reduce the number of distribution outlets that sell them.
implement price cuts to get the customers to buy the product.
fin another use for the product.
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