Which of the following is true of the growth stage of the product life cycle?
A) During this stage, profits are minimal and sales grow slowly.
B) This stage is characterized by little competition and a lack of consumer awareness about the product.
C) It is characterized by a slowdown of increase in both the sales and profit areas.
D) This stage sees an increase in competition and a rapid rise in sales and profits.
Correct Answer:
Verified
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