Central Bark Doggie Day Care opened the first day care center for dogs.It currently has 31 locations,with a new Gainesville,Florida,location coming soon.The concept of day care center for dogs became so popular that other competitors begin to enter the market.With competing companies such as Camp Bow Wow and others entering the market,it can be said that the concept of day care center for dogs is moving into the _____ stage of a product life cycle.
A)introductory
B)growth
C)maturity
D)decline

Question

Central Bark Doggie Day Care opened the first day care center for dogs.It currently has 31 locations,with a new Gainesville,Florida,location coming soon.The concept of day care center for dogs became so popular that other competitors begin to enter the market.With competing companies such as Camp Bow Wow and others entering the market,it can be said that the concept of day care center for dogs is moving into the _____ stage of a product life cycle.​
A)introductory
B)​growth
C)​maturity
D)decline

Quizplus · Accepted Answer

The growth stage is characterized by the entry of competitors into the market as the concept gains popularity and demand increases. This is where we see increased sales and expansion of the product/service. Central Bark Doggie Day Care has already opened 31 locations and is opening a new one, indicating that they are in the growth stage.

Central Bark Doggie Day Care Opened the First Day Care