When a product is in the maturity stage of the plc, the company tries to increase consumption by finding new users and new market segments for its brands. This attempt to increase consumption is known as ___________.

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04-11-2022
Business

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When a product is in the maturity stage of the plc, the company tries to increase consumption by finding new users and new market segments for its brands. This attempt to increase consumption is known as ___________.

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DimahiS DimahiS · Answer 1 · 2022-11-13T13:12:42-05:00

The attempt to increase the consumption at the maturity stage is called modifying the market.

Market Modification is an endeavor by organizations to expand the period of the Item Life Cycle by making little, or large changes in portraying how the item can be utilized. With the goal that they can offer a greater amount of the item to similar individuals on the grounds that the clients will have more applications for the item.

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