Old World Tea is one of three competitors in the gourmet tea market. Its sales are rapidly rising and profits are now starting to materialize. It is a brand leader and advertises its wide variety of flavours. Old World Tea is in the ________ stage of the product life cycle.

Question

Quizplus · Accepted Answer

Old World Tea is in the growth stage of the product life cycle, as indicated by rapidly rising sales and the beginning of profit realization.

Old World Tea Is One of Three Competitors in the Gourmet