In the ________ stage of the life cycle of a product, many consumers enter the market and buy the product for the first time.
A) embryonic
B) growth
C) mature
D) decline

Question

Quizplus · Accepted Answer

The growth stage of the life cycle of a product is characterized by an increase in sales volume as many consumers enter the market and buy the product for the first time. This is a stage of rapid sales growth and profitability, as the product gains wider acceptance and adoption in the market.

In the ________ Stage of the Life Cycle of a Product