In the market growth stage of the product life cycle,
A)competing products appear the same to consumers.
B)distribution moves from intensive to selective.
C)many competitors drop out of the market.
D)total industry sales increase very slowly.
E)industry profits reach their peak and then decline.

Question

Quizplus · Accepted Answer

In the market growth stage,industry sales grow fast but industry profits rise and then start falling.

In the Market Growth Stage of the Product Life Cycle