Which stage of the product life cycle is characterized by rapidly rising sales,very high profit levels,and a growing number of competitors?
A)growth
B)maturity
C)saturation
D)decline

Question

Quizplus · Accepted Answer

The growth stage of the product life cycle is characterized by rapidly rising sales, very high profit levels, and a growing number of competitors. This is because the product is gaining acceptance among consumers and more companies are entering the market to capitalize on its success.

Which Stage of the Product Life Cycle Is Characterized by Rapidly