Question
When some of its competitors had stopped
producing movies in VHS cassette format, Disney
announced that it would still produce its movies in
VHS format. These companies' decisions suggest
that VHS movies are probably in the _______
stage of the product life cycle.
A. market introduction
B. market growth
C. sales decline
D. market maturity
producing movies in VHS cassette format, Disney
announced that it would still produce its movies in
VHS format. These companies' decisions suggest
that VHS movies are probably in the _______
stage of the product life cycle.
A. market introduction
B. market growth
C. sales decline
D. market maturity
Answers
GPT-4o mini
The correct answer is **C. sales decline**.
When some competitors stopped producing movies in VHS format, it indicates that the demand for VHS is diminishing, which is characteristic of the sales decline stage of the product life cycle. Disney's decision to continue producing VHS tapes suggests they are trying to capture the remaining market, but overall, the trend indicates that VHS is moving out of favor.
When some competitors stopped producing movies in VHS format, it indicates that the demand for VHS is diminishing, which is characteristic of the sales decline stage of the product life cycle. Disney's decision to continue producing VHS tapes suggests they are trying to capture the remaining market, but overall, the trend indicates that VHS is moving out of favor.