Choose the correct sequence of the Product Life Cycle.

Question

KollegeApply · Accepted Answer

Introduction > Growth > Maturity > Decline > Abandonment Explanation: • Introduction: The product is launched into the market. Sales are typically slow as the market is not yet aware of the product. • Growth: Sales begin to increase rapidly as the product gains market acceptance. • Maturity: Sales growth slows as the product reaches peak market penetration and competition intensifies. • Decline: Sales and profits begin to fall as the market becomes saturated or as newer, better products enter the market. • Abandonment: The product is eventually phased out or discontinued.

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