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About market maturity Homework Help Online
Expectations of users for a product depend on the maturity of its market. Different emphasis has been given to market for software products to go through some assumed stages. For identification of any shortcomings of the product that will harm its future, can be done at the stage where your product actually is. Market maturity strategy homework help is a righteous portal for you to know about the subject and all the related topics. Market maturity is generally a situation where equilibrium received. Equilibrium in a market is a state where there is no growth or a lack of innovation and equilibrium price is known as where supply and demand of a product decided by the market forces.
Characteristics of market maturity
The main characteristics of market maturity are given below:
• When the product enters the market, the growth rate slows down.
• Maturity stage stays longer as compare to other stages.
• Most of the products stay in maturity stage for long run and mature products deals at the time of marketing management.
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Market maturity stages
There are mainly three stages of market maturity which are mentioned below:
• Growth maturity
• Stable maturity
• Decaying maturity
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