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Write a short note on the decline stage of the product life cycle.
Which of the following is true concerning market skimming?
a. It is often used to achieve early market dominance in terms of market share.
b. It is used at the decline stage of the product life cycle.
c. It is used at the maturity stage of the product life cycle.
d. It is used when demand is price inelastic.
At which stage of the product life cycle is the least amount of money spent on the promotional mix?
A. growthB. harvestingC. maturityD. decline
