Which of the Following Is an Appropriate Strategy for Products

question 78

Multiple Choice

Which of the following is an appropriate strategy for products at the decline stage of the product cycle?

• A)Phasing out products
• B)Manufacturing more products
• C)Increasing marketing budget
• D)Spending money on research
• E)Emphasizing products' benefits

---

Definitions:

Prospect's Firm

Refers to the specific company or business entity that is considered a potential customer or client in a sales or marketing context.

CRM Technology

Short for Customer Relationship Management technology, it refers to software solutions designed to help businesses manage and analyze customer interactions and data throughout the customer lifecycle.

Lead Generation

Establishing a group of firms and individuals that may be in the target market for a seller’s product or service.

Contact Management

The process of storing, organizing, and managing information about people and companies with whom you have business relationships.