What is a characteristic of the growth stage of the product life cycle?
A) low prices are established
B) effective competitors improve and modify their products
C) early buyers of the product make their initial purchases
D) buyers are hesitant to make repurchases

Question

Quizplus · Accepted Answer

During the growth stage, effective competitors improve and modify their products to compete with the new product. This leads to a competitive market and drives innovation. The other options are not characteristics of the growth stage.

What Is a Characteristic of the Growth Stage of the Product