The new product that Bellson Corp. introduced last year is now experiencing rapidly increasing sales, and the product has begun to show a profit. But Bellson notices that two competitors have recently introduced a similar product. This is what happens in the ________ stage of a product's life cycle.
A) growth
B) maturity
C) decline
D) development
E) introduction

Question

Quizplus · Accepted Answer

The growth stage of a product's life cycle is characterized by rapidly increasing sales and the emergence of profits, along with the entry of competitors with similar products.

The New Product That Bellson Corp