Oppo Sales Executive Interview Questions and Answers

Yes

• Yes, there have been several examples of companies closing due to their product.

• One example is Blockbuster, which failed to adapt to the rise of online streaming and closed its stores.

• Another example is Kodak, which couldn't keep up with the digital photography revolution and filed for bankruptcy.

• Nokia is also a notable example, as it lost its dominance in the mobile phone market due to the rise of smartphones.

• These companies failed to innovate and meet changing consumer d...read more

Product life cycle refers to the stages a product goes through from its introduction to its decline.

• Product life cycle consists of four stages: introduction, growth, maturity, and decline.

• During the introduction stage, the product is launched and sales are low.

• In the growth stage, sales start to increase rapidly as more customers become aware of the product.

• The maturity stage is characterized by stable sales and intense competition.

• Finally, in the decline stage, sales decreas...read more