A new product launched by a company is showing a rise in sales and a rapid rise in profits, and is being purchased by a group of early adopters and early majority buyers.The product is in the stage of its life cycle.

Question

Quizplus · Accepted Answer

The product is in the growth stage, characterized by rising sales, increasing profits, and adoption by early adopters and early majority buyers.

A New Product Launched by a Company Is Showing a Rise