During the growth stage of the product life cycle which of the following happens?
A)Demand for the product is limited to high-income consumers.
B)Prices increase due to economies of scale.
C)There is decreased direct competition.
D)Profits peak.

Question

Quizplus · Accepted Answer

During the growth stage, sales increase rapidly, and profits peak as the product gains acceptance and economies of scale reduce costs.

During the Growth Stage of the Product Life Cycle Which