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Explain about the decline stage of product life cycle.
Decline Stage:
A stage when sales demonstrate a downfall producer decides to abandon the market except only enough. Occasionally extension of life is possible like numbers of competitors are falling several characteristics:
a.Sales falling continual for the total period.
b.Intensification of price cutting.
c.Producers deciding to abandon the market.
Competing with rivals is unavoidable part of doing any business; however, Murphy's Stationery is losing the ground. You are required to conduct a research regarding current traditi
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