Tinker Toys, Inc.
Tammy is a student at a local university majoring in psychology. She has always been fascinated by toys. So she entered the business area that was her comfort zone - toys. Having done the business plan for Tinker Toys and established the business officially, Tammy is exploring the toy product ideas and its pricing

-Once Tammy has introduced her toys in the market,during which stage of the product life cycle would the acceptance of her products increase and sales and profits grow faster than at any other time?

Question

Tinker Toys, Inc.
Tammy is a student at a local university majoring in psychology. She has always been fascinated by toys. So she entered the business area that was her comfort zone - toys. Having done the business plan for Tinker Toys and established the business officially, Tammy is exploring the toy product ideas and its pricing

-Once Tammy has introduced her toys in the market,during which stage of the product life cycle would the acceptance of her products increase and sales and profits grow faster than at any other time?

Quizplus · Accepted Answer

During the growth stage of the product life cycle, the acceptance of the product increases and sales and profits grow faster than at any other time. This is because the product starts to gain a foothold in the market, and consumers become more aware of its benefits, leading to increased demand. As Tammy has just introduced her toys in the market, it is most likely that they will experience growth in the near future.

Tinker Toys, Inc. Tammy Is a Student at a Local University Majoring in University