Grand Resorts Hawaii has just celebrated its first profit since opening two years ago. Grand Resorts Hawaii is most likely in the ____ stage of the product life cycle.

Question

Quizplus · Accepted Answer

Grand Resorts Hawaii is showing a profit after two years, which indicates that it is in the growth stage of the product life cycle. During the growth stage, sales and market share increase, and profitability typically improves. This is also supported by the fact that the resort has only been open for two years, suggesting it is still in the early stages of its life cycle.

Grand Resorts Hawaii Has Just Celebrated Its First Profit Since