There are four stage of the product life cycle. during which of these stages do you think is the best time for a company to purchase an emerging technology? explain your answer

Maturity Stage – During the maturity stage, the product is established and the aim for the manufacturer is now to maintain the market share they have built up. This is probably the most competitive time for most products and businesses need to invest wisely in any marketing they undertake. They also need to consider any product modifications or improvements to the production process which might give them a competitive advantage. i think this would be the best time for the company to purchase an emerging technology.

The maturity stage of product life cycle

Explanation:

There are four stages of a product life cycle which are:

The maturity stage is a very critical stage of every product life cycle

the answer is d.

by: nicholas dooley

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