The ________ stage of the product is characterized as being one where there is period of rapid market acceptance and substantial profit improvement.
A) decline
B) introduction
C) maturity
D) saturation
E) growth

Question

Quizplus · Accepted Answer

The growth stage is characterized by a period of rapid market acceptance and substantial profit improvement. This is when the product establishes itself in the market and experiences increasing demand from customers. While there is still room for profit improvement, the growth stage typically marks the beginning of peak sales for the product.

The ________ Stage of the Product Is Characterized as Being