The ________ stage of the product life cycle describes a point where sales rise and profits peak.
A)introductory
B)growth and acceptance
C)maturity and competition
D)market saturation

Question

Quizplus · Accepted Answer

The maturity and competition stage is characterized by sales growth slowing down and profits reaching their peak. At this point, the market becomes saturated with competitors, and companies may need to adjust their strategy to maintain their market share.

The ________ Stage of the Product Life Cycle Describes a Point