During the Maturity Stage of the Product Life Cycle,profit Declines

question 167

Multiple Choice

During the maturity stage of the product life cycle,profit declines because:

• A)there are fewer and fewer competitors in the market.
• B)better products are only in the growth stage.
• C)production costs increase the more a firm has to manufacture the same product.
• D)there is fierce price competition among sellers.

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