Sales and profits peak in the growth stage of the product life cycle.

Name: Sales and profits peak in the growth stage of the product life cycle.
Brand: Quizplus
Rating: 4.8 (34 reviews)

Question

Quizplus · Accepted Answer

Sales and profits peak in the maturity stage of the product life cycle, not the growth stage. During the growth stage, sales are rapidly increasing, but they reach their highest point during the maturity stage, where profits also tend to be maximized before the decline stage sets in.

Sales and Profits Peak in the Growth Stage of the Product