Which stage in the product life cycle is critical to a product's survival because competitive reactions to the product's success during this period will affect the product's life expectancy?
A) Decline
B) Expansion
C) Growth
D) Introduction
E) Stabilization

Question

Quizplus · Accepted Answer

During the growth stage, a product gains acceptance and starts to generate revenue. However, during this stage, competitors may take notice of the product's success, and their reactions to it will directly affect its life expectancy. Therefore, it is critical to a product's survival to navigate through the growth stage successfully.

Which Stage in the Product Life Cycle Is Critical to a Product's