Accelerated development in the retail life cycle is similar to which stage in the product life cycle?
A)decline
B)maturity
C)growth
D)introduction phase

Question

Quizplus · Accepted Answer

Accelerated development in the retail life cycle is similar to the growth stage in the product life cycle. This is because during this stage, the product or service experiences increased sales and profitability as consumer demand and awareness grows. Similarly, in retail, accelerated development is characterized by the rapid expansion of new stores and markets as the brand gains popularity and consumer loyalty.

Accelerated Development in the Retail Life Cycle Is Similar to Which