The-definition.com

Definition

Decline Stage

As retirement age approaches, there is often a declaration period in the decline stage. Here many people face the prospect of having to accept reduced levels of power and responsibility and learn to accept and develop new roles as mentor and confidante for those who are younger. There is then probably retirement, after which the person hopefully finds alternative uses for the time and effort formerly expended on his or her occupation.

In marketing Decline stage is the PLC stage when a production’s sales fall off and profit drop.

The sales of most product forms and brands eventually dip. The decline may be slow, as in the cases of stamps and oatmeal cereal, or rapid, as in the cases of cassette and VHS tapes. Sales may plunge to zero, or they may drop to a low level where they continue for many years. This is the decline stage.

Share it:  Cite

More from this Section

  • Corporate Campaign
    A corporate campaign is an organized effort by the union that exerts pressure on the corporation ...
  • Staffing metrics
    Staffing metrics refers tro measures used to determine costs associated with recruitment ...
  • Work sampling
    Work sampling is the measurement of how employees spend their time and the number of work ...
  • Technology
    Technology is the process by which inputs from an organization's environment are ...
  • Right-to-work laws
    Right-to-work laws are allowing workers to obtain and keep jobs without having to join ...