The sales of a product are rising rapidly and profits are peaking. This product is in the _____ stage of the product life cycle.
A) introduction
B) growth
C) maturity
D) decline

Question

Quizplus · Accepted Answer

The rising sales and peaking profits indicate that the product is in the growth stage of the product life cycle. In this stage, the product is gaining acceptance in the market and sales are increasing rapidly.

The Sales of a Product Are Rising Rapidly and Profits