what are the responses to challenges in the post maturity stage.

Question

Question

business finance

Answer 1

Answer #1

Responses to challenges in the post maturity stages are -

1. Renewal - company could opt for a new product line which helps in renewal of a dying business.

2. Steady - company could come up with steady ideas which can help it to retain it's existing share though shrinking slowly .

3. Decline - if company cannot retain its market share , it should come up with a nice exit strategy which will fetch it maximum profit.

Answer 2

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