Increasing profits will most likely occur at which stage of the PLC?
A) introduction
B) maturity
C) growth
D) decline
E) product development

Name: Increasing profits will most likely occur at which stage of the PLC? A) introduction B) maturity C) growth D) decline E) product development
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Question

Quizplus · Accepted Answer

During the growth stage of the Product Life Cycle (PLC), sales increase rapidly, leading to higher profits as the product gains market acceptance and economies of scale are achieved.

Increasing Profits Will Most Likely Occur at Which Stage of the PLC