High levels of investments are needed during the growth stage of a product.

Name: High levels of investments are needed during the growth stage of a product.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

During the growth stage of a product, high investments are needed to promote the product, expand production, and establish distribution channels to meet the increasing demand. Companies need to invest in marketing, research and development, and hiring additional staff to ensure the long-term success of the product.

High Levels of Investments Are Needed During the Growth Stage