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md 30.docx - A product or service will reach this stage if...

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A product or service will reach this stage if it has been able to meet the needs of theconsumers. This means the sales will rise, and the business will start making significantsales (Hoberg & Maksimovic, 2019). The level of competition would also increase. Itwould, therefore, be prudent for the business to conduct rapid marketing campaigns andincrease its outlets to reach more potential customers.At this phase, companies tend to undercut each other, especially on prices andincreasing their promotions. The competition becomes stiffer, and the weak companiesmay be phased out of the market. This phase has many challenges when it comes to
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Term
Spring
Professor
DavidCollins
Tags
Marketing, Hoberg, level of competition, rapid marketing campaigns

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