During which stage of the product life cycle do sales and profits increase rapidly?
A) growth
B) introduction
C) maturity
D) invention

Question

Quizplus · Accepted Answer

During the growth stage of the product life cycle, sales and profits increase rapidly as the product gains popularity, customers become aware of the product, and competition is still limited. This stage is characterized by high demand, and the focus is on expanding distribution and promoting the product to reach a wider audience.

During Which Stage of the Product Life Cycle Do Sales