A manufacturer with a product in the decline stage of the product life cycle might decide to ________ if it has reason to hope that competitors will leave the industry.

Related MCQs

• Sales decline in the decline stage of the PLC because of technological advances, increased competition, and ________.
• Which of the following is stage of Product Life Cycle?
• Most products in the marketplace are in the ________ stage of the product life cycle.
• _____ is a new-product development approach in which one company department works to complete its stage of the process before passing the new product along to the next department and stage.
• _____ is the course of a product's sales and profits over its lifetime, involving five distinct stages: product development, introduction, growth, maturity, and decline.
• In the product concept stage of new-product development, the product is merely a _____.
• The life cycle of a product includes
• A company getting ready to launch a new product must make several decisions. However, the company must first decide on _____.
• _____ is the stage of new-product development in which the product and marketing program are tested in more realistic market settings.
• _____ is a period of slow sales growth as the product is introduced into the market. Profits are nonexistent in this stage because of the heavy expenses of product introduction.