Generally speaking,which of the following marks a product's entry into the growth stage of its life cycle?
A) Prices generally begin to destabilize.
B) Prices generally begin to stabilize.
C) Prices decrease rapidly as competition increases.
D) Prices decrease moderately as competition decreases.

Question

Quizplus · Accepted Answer

In the growth stage of a product's life cycle, demand increases, leading to economies of scale and more stable pricing as the market becomes more established.

Generally Speaking,which of the Following Marks a Product's Entry into the Growth