The new product that Bellson Corp.introduced last year is now experiencing rapidly increasing sales,and the product has begun to show a profit.But Bellson notices that two competitors have recently introduced similar products.This is what happens in the ________ stage of a product's life cycle.
A)growth
B)maturity
C)decline
D)development
E)introduction

Question

Quizplus · Accepted Answer

In the growth stage of a product's life cycle, sales begin to increase rapidly, the product starts to show a profit, and competitors often enter the market with similar products.

The New Product That Bellson Corp