Intensive competition causes price increases during the growth stage of the product life cycle.

Name: Intensive competition causes price increases during the growth stage of the product life cycle.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Intensive competition during the growth stage can actually cause price decreases as companies try to gain market share and attract customers. It is during the maturity stage that price increases may occur as competition may decrease and demand for the product remains steady.

Intensive Competition Causes Price Increases During the Growth Stage of the Product