4K curved screen televisions were introduced to the consumer market in April 2014. Led by Korean manufacturers Samsung and LG, prices were high and sales slow for the first two years. Currently, sales are increasing at an increasing rate, they have gained much wider distribution, and new competitors have entered the market. Manufacturers are now realizing profits from the 4K curved televisions, which are in the __________ stage of the product life cycle.
A) growth
B) introduction
C) decline
D) maturity

Question

Quizplus · Accepted Answer

The correct answer is A) growth because the description indicates that sales of 4K curved screen televisions are increasing at an increasing rate, they have gained wider distribution, and new competitors have entered the market, all of which are characteristics of the growth stage in the product life cycle.

4K Curved Screen Televisions Were Introduced to the Consumer Market