The _____ stage of product lifecycle starts with a sharp increase in sales and important product improvements continue in the stage at a slower rate.

Question

Quizplus · Accepted Answer

The described stage is the growth stage of the product lifecycle, as it is characterized by a sharp increase in sales and continued product improvements, albeit at a slower pace than in the introduction stage. The shakeout stage involves a reduction in the number of competitors, and the maturity stage is characterized by a levelling off of sales and a focus on cost-cutting.

The _____ Stage of Product Lifecycle Starts with a Sharp