Commercial Applications

Which stage of the Product Life Cycle is characterised by saturation in the market?

  1. Introduction
  2. Growth
  3. Maturity
  4. Decline

Marketing Mix

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Answer

Maturity

Reason — During the maturity stage, after some time there is saturation in the market. Supply exceeds demand for the first time and there is no possibility of further increase in sales as the sales curve levels off.

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