in which phase of the product life cycle is a company likely to offer a product at its lowest price and…
in which phase of the product life cycle is a company likely to offer a product at its lowest price and bundle it with other similar products?\nintroduction\nmaturity\ndecline\ngrowth
Answer
Brief Explanations:
In the decline phase of the product life - cycle, demand drops. Companies often lower prices and bundle products to clear inventory as the product becomes less popular. In the introduction phase, prices may be high to recoup R&D costs. In the growth phase, prices are stable or increase slightly as demand grows. In the maturity phase, prices are competitive but not at the lowest as there is still significant demand.
Answer:
C. Decline