Question

A hiking boot’s profits are declining because new competition has entered the market, but its cost has also declined due to increased volume of production. What stage of the product development life cycle is the hiking boot in?.

Answer 1

The hiking boot in stage in the development life cycle, as said, is maturity.

What does profit mean?

The money that remains after accounting your company expenditures is your profit. Gross profit, operational profit, and net profit are the three primary forms of profit. The largest profit is gross. It displays the remaining funds after paying for the purchased items and services.

What does the term "profit" mean?

The financial benefit a firm has when revenue exceeds expenditures and expenses is sometimes referred to as profit. One cup of lemonade, for instance, costs a youngster at a raspberry syrup stand one quarter. She then charges $2 for the beverage. She made $1.75 in profit upon that cup of lemonade.

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