Examlex
If the price of a product rises and as a result consumers decrease their purchases, then
Decline Stage
A phase in the product life cycle characterized by a decrease in sales and profitability, indicating that the product is nearing the end of its market life.
Product Life Cycle
The stages through which a product goes from conception to decline, including development, introduction, growth, maturity, and decline.
Product Life Cycle
The stages a product goes through from introduction to growth, maturity, and finally decline in the market.
Harvesting Strategy
A business approach focused on extracting maximum profit from a product, market segment, or business unit with no intention of long-term investment.
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