Changes in a company's product characteristically are made in the __________ stage of the product life cycle.

Question

Quizplus · Accepted Answer

Changes in a company's product are typically made in the growth stage of the product life cycle. This is because the company is still trying to gain market share and improve the product to meet customer needs and preferences. In contrast, in the decline stage, companies may be focused on phasing out the product rather than making changes to improve it, while in the maturity stage, changes may be less frequent as the product has already gained a significant market share.

Changes in a Company's Product Characteristically Are Made in the __________