Which stage in the product life cycle is characterized by rapid market acceptance and increasing profits?
A) introduction
B) maturity
C) growth
D) decline
E) product development

Question

Quizplus · Accepted Answer

The growth stage is characterized by rapid market acceptance and increasing profits. During this stage, sales will be increasing and new competitors may enter the market as well. The product will become more widely available and companies may invest in expanding production or improving the product features to maintain their competitive edge.

Which Stage in the Product Life Cycle Is Characterized by Rapid