During theconvergence phaseof a market lifecycle, which of the following are true?Select TWO
A.
there is an increase in variety of products offered
B.
there is an increase in customer demands
C.
organisations look to deliver products at a reduced cost
D.
there are many acquisitions and mergers
The Answer Is:
C, D
This question includes an explanation.
Explanation:
In theconvergencephase, products/services becomestandardised, competition intensifies, and firms seekcost efficiency.Mergers and acquisitionsincrease as companies consolidate to sustain market position.
[Reference:CIPS L5M8 Study Guide, pp.120–121., ]
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