Midway,Inc

question 206

Multiple Choice

Midway,Inc.has seen most of its competitors drop out of its product-market due to declining industry sales and profits.But Midway still has considerable demand for its product from a small group of loyal customers.This product-market is in which product life-cycle stage?

• A)market introduction
• B)market maturity
• C)market development
• D)market growth
• E)sales decline

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