Campdell Soups is a newly established company that specializes in preparing healthy but tasty food for children under the age of 5.It is incurring huge production costs,nonexistent profits,and slow sales growth.The company is in the ________ phase of its life cycle.

Question

Quizplus · Accepted Answer

The company is newly established and catering to a specific target market of children under the age of 5. The fact that it is incurring huge production costs, nonexistent profits, and slow sales growth suggests that it is in the introduction phase of its life cycle. This is the phase where the company is still trying to establish its brand and gain a foothold in the market.

Campdell Soups Is a Newly Established Company That Specializes in Preparing