During the _______ stage of the product life cycle,there are few but an increasing number of competitors.
A) Growth
B) Introduction
C) Maturity
D) Decline
E) Innovation

Question

Quizplus · Accepted Answer

During the growth stage of the product life cycle, the product is gaining acceptance in the market and its sales are increasing. This attracts new competitors to enter the market but since the market is still growing, there is still room for multiple competitors. In the introduction stage, there are usually only a few competitors, and in the maturity and decline stages, the competition becomes more intense, and the number of competitors may decrease. The innovation stage is not a stage in the product life cycle but rather a continuous process within each stage. Therefore, option A (growth stage) is the best choice.

During the _______ Stage of the Product Life Cycle,there Are