Match each of the following descriptions, a through

e, with one of the following stages of a product life cycle: (1) development, (2) introduction, (3) growth, (4) maturity, or (5) decline.

a. Even though sales are typically low in this stage, prices are set in line with prices of similar goods.

b. Product quality is established based on decisions made in this stage

c. Profits are typically lower in this stage due to lower sales volume and decreases in selling price.

d. Stable prices are typical during this period with opportunities for cost savings realized through efficiencies.

e. This stage is marked by low costs and stable or declining sales prices.