Which of the following is a stage in the product life cycle that is characterized by an increase in sales, rapid increase in profits, and few but increasing number of competitors?
A)The growth stage
B)The introduction stage
C)The maturity stage
D)The levelling stage
E)The decline stage

Question

Quizplus · Accepted Answer

During the growth stage, a product experiences an increase in sales and profits, as more customers become aware of the product and begin purchasing it. Competition may also begin to increase, but it is still relatively low compared to later stages in the product life cycle.

Which of the Following Is a Stage in the Product