During the _____,acceptance of the product (whether innovative or imitative)increases rapidly.

Question

Quizplus · Accepted Answer

The growth stage of the product life cycle is characterized by a rapid increase in acceptance of the product (whether it is innovative or imitative). During this stage, sales and profits typically increase, and competitors may enter the market. This is a critical stage for businesses to manage growth and maintain customer interest in the product.

During the _____,Acceptance of the Product (Whether Innovative or Imitative)increases