Question

Memories Record Players Company has seen most of its competition slip away, and it now holds 95 percent of the market share for record, casette, DVD player devices. Memories's own sales totals are slowly decaying, and it does little promotion only during Christmas. It's products are in which stage of the product life cycle?

Answer 1

Answer:

Decline Stage

Explanation:

The decline stage is the stage after attaining maturity in the product life cycle. At this point, the product begins to lose its value in sales as a result of poor acceptance or an entry of a better substitute for it. This gives rise to loss in profit and a gradual halt in demand.