Match the marketing objectives with the appropriate stage of the product life cycle. Group of answer choices Create product awareness and trial [ Choose ] Maximize market share [ Choose ] Maximize profit while defending market share [ Choose ] Reduce expenditure and milk the brand [ Choose ]

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Tundexi Tundexi · Answer 1 · 2022-03-01T13:15:00+01:00

The product life cycle is highly effective as its helps to make decision on pricing and promotional activities.

The Product life cycle refers to a cycle that shows the entry, growth and decline of the product into a particular market

The marketing objective of the Intro Stage is to create product engagement and trial

The marketing objective of the Growth stage is to maximize market share.

The marketing objective of the Maturity stage is to maximize profit while defending market share.

The marketing objective of the Decline stage is to reduce expenditure and milk the brand.

In conclusion, the product life cycle is highly effective as its helps to make decision on pricing and promotional activities.