During the _____ stage of product life cycle,acceptance of the product increases rapidly and sales and profits grow at higher rates than at any other part of the product life cycle.

Question

Quizplus · Accepted Answer

During the growth stage, the product gains acceptance in the market and sales and profits grow at a higher rate. This stage is characterized by an increase in demand and the entry of competitors into the market.

During the _____ Stage of Product Life Cycle,acceptance of the Product