The Decline Stage of the Product Life-Cycle Concept Is Characterised

question 118

Short Answer

The decline stage of the product life-cycle concept is characterised by declining sales,low cost per customer,declining profits,________ as customers and a declining number of competitors.

---

Definitions:

Corporate Experts

Individuals within an organization who possess specialized knowledge or skills in particular areas or fields.

Added Value

The enhancement a company gives its product or service before offering it to customers, adding worth through extra features or services.

Project Allegiance

Loyalty or commitment to the goals and success of a specific project.

New Career Paradigm

A contemporary approach to careers characterized by flexibility, self-employment, and changing roles rather than the traditional stable, lifelong positions within a single organization.