During which stage of the industrial life cycle is the product or service recognized as viable and the demand substantial?
A) Early pioneering development
B) Rapid accelerating growth
C) Acquisition and consolidation
D) Mature growth
E) Stabilization and market maturity

Question

Quizplus · Accepted Answer

During the rapid accelerating growth stage, the product or service is recognized as viable, and demand becomes substantial as the market expands quickly.

During Which Stage of the Industrial Life Cycle Is the Product