Recently a company brought a miniature version of its cereal bars to market.The nugget-sized product was very successful because it was not messy.Another company then introduced a similar product under its own brand.Mini-cereal bars are most likely in the ________ stage of their product life cycle.

Question

Quizplus · Accepted Answer

The success of the miniature version of cereal bars suggests that they are in the growth stage of their product life cycle. The introduction stage refers to when a new product is first introduced to the market, while the youth stage is characterized by increasing sales but still low market penetration. The maturity stage is when sales have peaked and may even be declining, while the extension stage involves efforts to revitalize declining sales.

Recently a Company Brought a Miniature Version of Its Cereal