Which stage of the retail life cycle is characterized by the entrance of many new competitors and tremendous growth in sales and profits?
A) Vulnerability
B) Maturity
C) Growth
D) Entry
E) Introduction

Question

Quizplus · Accepted Answer

The stage characterized by entrance of many new competitors and tremendous growth in sales and profits is the Growth stage. This is when the market is still expanding, and consumers are adopting the product category rapidly. As a result, there is a lot of room for new entrants and existing players to grow.

Which Stage of the Retail Life Cycle Is Characterized by the Entrance