Cenario: Better Mousetrap Inc. Better Mousetrap Inc. is a manufacturing company that sells pest control products. Recently the company launched an innovative mousetrap with a unique design that has been selling well in the U.S. market. Senior Vice President Marc Wallace, even recommended expanding sales overseas in order to increase company revenues. Eventually, Wallace expects that domestic production of the mousetrap will cease altogether. This would happen in the ________ stage of the product

2 answers
Question:

cenario: Better Mousetrap Inc. Better Mousetrap Inc. is a manufacturing company that sells pest control products. Recently the company launched an innovative mousetrap with a unique design that has been selling well in the U.S. market. Senior Vice President Marc Wallace, even recommended expanding sales overseas in order to increase company revenues. Eventually, Wallace expects that domestic production of the mousetrap will cease altogether. This would happen in the ________ stage of the product life cycle.

Answers

Answer:new product stageExplanation:The small business environment today is very dynamic and competitive, and new product development is a crucial process if you want to survive. For small enterprises to withstand competition from multinationals, they have to continuously update their products to conform to current trends. The new product development process is the cycle that a new product has to undergo from conceptualization to the final introduction into the market.

Answer:The correct answer is:Decline stage.Explanation:The decline stage of production life cycle is the the last stage of production life cycle, and it is the stage in which the domestic demand for a product is completely saturated, mainly because everyone in that demand population has the product. At this stage demand is very low of ceases altogether, which will cause the production to cease in that population, as producers look for external markets.The stages of production life cycle from the first stage includes;introduction stage, growth stage, maturity stage and decline stage. In the introduction stage, the product is just being launched, and it is the most expensive stage of the production life cycle, production starts slow, as the product enters the market for the first time, but as it gains popularity int he market, production starts to increase.During the growth stage, the production grows, and profit maximization is paramount. It is at this stage that most companies engage in promotional activities like advertising, selling shares etc.In the maturity stage, the product is established, and the manufacturer has achieved the aim of establishing the product, what companies do at this stage is to protect against competitions and losses.

Similar Solved Questions

2 answers

Please no links Which of the following is the correct product for the equation?27.3×100 A. 2.73 B. 273 C. 2,730 D. 27,300

please no links Which of the following is the correct product for the equation?27.3×100 A. 2.73 B. 273 C. 2,730 D. 27,300...
1 answer

Use the diagram to find the measures of all the angles, given that m∠2=159∘.

Use the diagram to find the measures of all the angles, given that m∠2=159∘....
2 answers

A story about it's better late than never​

a story about it's better late than never​...
1 answer

Look at the list of people and answer the question below. Upton Sinclair Jacob Riis Ida Tarbell Lewis Hine These public figures best fit in which category? Muckrakers Novelists Political cartoonists Socialists

Look at the list of people and answer the question below. Upton Sinclair Jacob Riis Ida Tarbell Lewis Hine These public figures best fit in which category? Muckrakers Novelists Political cartoonists Socialists...
1 answer

How many miles is it from Macedonia to arachosia

How many miles is it from Macedonia to arachosia...
1 answer

Solve -14+6b+7-2b=1+5b

solve -14+6b+7-2b=1+5b...
1 answer

Please answer asap thank u so so much

please answer asap thank u so so much...
1 answer

4 Luke's math scores for this grading period are listed below. 84, 86, 83, 78, 92, 87, 92, 90, 88, 86 What is the mean of the data set graphed on the dot plot? (10 Points) X X Х ХХ ХХХ xx 日中 85 90 95 70 75 80 F H​

4 Luke's math scores for this grading period are listed below. 84, 86, 83, 78, 92, 87, 92, 90, 88, 86 What is the mean of the data set graphed on the dot plot? (10 Points) X X Х ХХ ХХХ xx 日中 85 90 95 70 75 80 F H​...
1 answer

How many moles are contained in 5.0 g of SO2:

How many moles are contained in 5.0 g of SO2:...
1 answer

2) Consider the following system of three equations: (I added an image)

2) Consider the following system of three equations: (I added an image)...
2 answers

What do you call a rock music channel with no music?

What do you call a rock music channel with no music?...
1 answer

What is defined as "the withdrawal of investments from activities (and regions) that yield low rates of profit in order to reinvest in new activities (and new places)"?

What is defined as "the withdrawal of investments from activities (and regions) that yield low rates of profit in order to reinvest in new activities (and new places)"?...
1 answer

What does this political cartoon suggest about the federal reserve board

what does this political cartoon suggest about the federal reserve board...
2 answers

I know this isn't educational but I am having a rough time and I need someone to talk too ;(

I know this isn't educational but I am having a rough time and I need someone to talk too ;(...
2 answers

Which of the following are examples of the ways erosion affects the environment? I. Erosion introduces pesticides and toxins into waterways, causing pollution. II. Polluted waterways decrease biodiversity. III. Eroded soil allows sediment to break off and clog waterways. IV. Eroded soil becomes useless for agriculture. A. I. only B. I. and II. C. I., II., and IV. D. I., II., III., and IV.

Which of the following are examples of the ways erosion affects the environment? I. Erosion introduces pesticides and toxins into waterways, causing pollution. II. Polluted waterways decrease biodiversity. III. Eroded soil allows sediment to break off and clog waterways. IV. Eroded soil becomes usel...
2 answers

It is your job when providing feedback to make the other person change his/her behaviour. True False

It is your job when providing feedback to make the other person change his/her behaviour. True False...
1 answer

Why does the temperature of a liquid that is at it’s boiling point remain constant one more energy is added to the liquid?

Why does the temperature of a liquid that is at it’s boiling point remain constant one more energy is added to the liquid?...
2 answers

Find the sum and classify the polynomial based on degree and number of terms. 3n^2(5n^2 -2n +1) + (4n^2 -11n^4 -9) (A.) 4th degree polynomial with 4 terms (B.) 4th degree polynomial with 3 terms (C.) 3rd degree polynomial with 3 terms (D.) 3rd degree polynomial with 4 terms

Find the sum and classify the polynomial based on degree and number of terms. 3n^2(5n^2 -2n +1) + (4n^2 -11n^4 -9) (A.) 4th degree polynomial with 4 terms (B.) 4th degree polynomial with 3 terms (C.) 3rd degree polynomial with 3 terms (D.) 3rd degree polynomial with 4 terms...

-- 0.009815--