In the maturity stage, income slow down, indicating that the market has begun to attain saturation.
This is additionally one of the stages of the product life cycle when pricing becomes competitive. This makes the profit margins thinner.
The standard attribute of a successful new product is a gradual upward jostle in its sales curve all through the market improvement stage. At some factor in this upward shove a marked extend in consumer demand happens and sales take off. The boom is on. This is the opening of Stage 2—the market boom stage.
The central thrust of market messaging and promotion at some point of this stage is “This company is the best!” Pricing additionally will become more aggressive and should be adjusted to align with the differentiation strategy. Often in the growth phase the marketer must pay tremendous attention to distribution.
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