Which stage of the product life cycle is characterized by rapidly rising sales,very high profit levels,and a growing number of competitors?
A) Growth
B) Maturity
C) Saturation
D) Decline

Question

Quizplus · Accepted Answer

The growth stage of the product life cycle is characterized by rapidly rising sales, high profit levels, and increasing competition as more players enter the market. This is often the most profitable stage for a product, but it will eventually transition into maturity as the rate of sales growth starts to slow down.

Which Stage of the Product Life Cycle Is Characterized by Rapidly