Answers
Common behaviors or habits among consumers that influence their buying decisions
The second stage of the product life cycle, characterised by a rapid increase in sales and market acceptance
The buying and selling of goods or services over the internet
The stages a product goes through from introduction to the market to its eventual removal
The first stage of the product life cycle, where the product is introduced to the market
The wants and requirements of customers that businesses aim to fulfill with their products or services
The location where a product is sold or service is provided, including physical stores and online platforms
The final stage of the product life cycle, where sales and market interest decrease, possibly leading to the product being discontinued
The third stage of the product life cycle, where sales growth slows down, and the product reaches peak market penetration
The item or service offered by a business to satisfy customer needs and wants
The methods used by a business to communicate with customers and persuade them to purchase products
The presence of other businesses offering similar products or services in the market
The amount charged for a product or service, influencing customer purchase decisions and profitability