By the time BMW and Mercedes Benz entered the mini-SUV market, there were many competitors, sales had peaked, and profits were declining. These firms entered the market during the _______ stage of the product life cycle.

Respuesta :

Answer: Maturity

Explanation:

 The maturity is the stage which occur after the growth and the introduction stage in the product life cycle.

 It is one of the most challenging stage in the product cycle as it begins the sales growth in the market by using the different types of advertising strategies.

The primary objective of the maturity stage is that it focuses the large forms or organizations so that they can achieve large amount of market shares. The companies entered the market at the maturity stage in the product life cycle.

 Therefore, Maturity stage is the correct answer.