Accelerated development in the retail life cycle is similar to which stage in the product life cycle?
A)introduction phase
B)growth
C)maturity
D)decline

Question

Quizplus · Accepted Answer

Accelerated development in the retail life cycle is similar to the growth stage in the product life cycle because in both cases, there is an increasing market demand and sales volume, as well as a need to expand distribution channels and improve the product or service to stay competitive. The introduction phase is characterized by low sales and high marketing expenses, while maturity and decline stages are associated with market saturation, price competition, and the need to phase out the product or innovate to revive the demand.

Accelerated Development in the Retail Life Cycle Is Similar to Which