Lily introduced the first drone camera that follows the operator and records video in 2014. While the Lily drone is tough, portable, and waterproof - perfect for videoing your bicycle ride, float down the river, or skiing down a mountain, it was not immediately financially successful. More recently though, sales have increased, the Lily drone camera has become profitable, and other manufacturers have introduced direct competitors. While sales continue to increase, Lily's market share is dropping as the market becomes more competitive. What stage of the product life cycle is the Lily drone camera?
A) growth
B) introduction
C) decline
D) maturity

Question

Quizplus · Accepted Answer

The Lily drone camera is in the growth stage of the product life cycle, indicated by increasing sales and the emergence of competitors, despite a decrease in market share as the market becomes more competitive.

Lily Introduced the First Drone Camera That Follows the Operator