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14 February, 17:13

In which stage of the product life cycle should product strategy focus on process modifications as the product is being "fine-tuned" for the market?

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  1. 14 February, 18:39
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    The answer is introduction stage

    Explanation:

    Product life-cycle is the life of a product from its introduction to its death or non-existence. It has four stages - Introduction, growth, maturity and decline.

    Product strategy focus on process modifications as the product is being "fine-tuned" for the market should happen at the introduction stage because here the product is entering for the first time. The product should be fine-tuned at this stage for customers to have good perception about the product.
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