Question $17$

Max Inc.$\text{'}$s operations are a strong provider of cash. Its revenues have leveled off, and it invests to maintain rather than to

increase productive capacity. Net cash flows from investing activities have turned positive as cash inflows from sales of

unneeded plant assets exceed new investments. Financing cash flows have declined as the firm uses its excess cash flow

from operations and the sale of investments to repay its debt, buyback stock and increase dividend payouts. Max is

probably in which stage of the product life cycle?

Growth

Decline

Introduction$/$start$-$up

Maturity