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

Question

Quizplus · Accepted Answer

The growth stage is characterized by rapid market acceptance and increasing sales. During this stage, there is a rapid increase in demand for the product as it becomes more widely known and accepted by consumers. This stage is typically marked by increasing sales and profits, as well as increasing competition from other companies entering the market.

Which Stage in the PLC Is Characterized by Rapid Market