At the "Introduction" stage of the product life cycle,the company faces fierce competition and so must invest heavily in advertising.

Question

Quizplus · Accepted Answer

At the "Introduction" stage of the product life cycle, competition is often minimal because the product is new to the market, and the focus is on creating awareness and stimulating demand for the new product, not on dealing with fierce competition.

At the "Introduction" Stage of the Product Life Cycle,the Company