Acme Corporation is currently experiencing rising sales for a new-product idea it pioneered several months ago.Profits are also increasing,so other competitors are now entering the market with similar products.The competitive situation is changing from monopoly to monopolistic competition.In which stage of the product life cycle is Acme Corporation operating?
A)market establishment
B)market introduction
C)market growth
D)market maturity
E)sales decline

Question

Quizplus · Accepted Answer

Rise in sales,increasing profits,and monopolistic competition are all features of the market growth stage.

Acme Corporation Is Currently Experiencing Rising Sales for a New-Product