Widgets were introduced a few years ago. The number of companies making widgets has increased recently, drawn by high profits. At the same time, differentiated products for different market segments have begun to emerge. What stage of the product life cycle do widgets appear to be in?
A) growth
B) introductory
C) maturity
D) decline

Question

Quizplus · Accepted Answer

Widgets are in the growth stage, indicated by the increasing number of companies entering the market due to high profits and the emergence of differentiated products for various market segments.

Widgets Were Introduced a Few Years Ago