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The demand for flip phones has drastically reduced, and there are only a few consumer electronics companies selling them at extremely low prices. Also, the current buyers of flip phones are mainly categorized under laggards. Which of the following stages of the industry life cycle is the flip phone industry in currently?1. growth stage2. maturity stage3. decline stage4. commercialization stage

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sandlee09

Answer:

decline stage

Explanation:

Based on the information provided within the question it can be said that in this scenario the flip phone industry is currently in the decline stage of the product life cycle. This is the stage that is characterized by a slow but steady drop in sales of a product leading up to the point were production is ultimately halted and the product inevitably dies off.

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