The Alpha Corporation is just beginning to experience new competitors attempting to draw sales from its latest new product. Alpha's product is MOST likely to be entering its:
A) introduction.
B) growth.
C) maturity.
D) decline.
E) demise.

Question

Quizplus · Accepted Answer

When new competitors start entering the market, it typically indicates that the product is in the growth stage. This is because the initial success and increasing sales of the product attract other companies to offer similar products or services.

The Alpha Corporation Is Just Beginning to Experience New Competitors