The 5.5 million vinyl long-playing (LP) records sold in the United States per year pales in comparison with the 1.26 billion digital downloa

Question

The 5.5 million vinyl long-playing (LP) records sold in the United States per year pales in comparison with the 1.26 billion digital downloads. The grooves in vinyl records create sound waves that are similar to those of a live performance, however, which means they provide a more authentic sound, which in turn means nightclub DJs, discerning music listeners, and collectors will always prefer them. Firms that sell LPs position themselves for a niche segment of diehard consumers. They are in the ________ stage.

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Đan Thu 3 years 2021-08-21T01:46:29+00:00 1 Answers 21 views 0

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    2021-08-21T01:48:00+00:00

    Answer:

    decline

    Explanation:

    Based on the scenario being described within the question it can be said that these types of firms are in the decline stage of the product life cycle. This stage refers to when a product has already passed it’s peak potential and sales begin to decline until production is ultimately halted and the product dies off. Which is exactly what is happening to the LP’s since everyone has moved on to digital downloads.

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