The stage of the product life cycle that encompasses rapidly rising sales, very high profit levels, and a growing number of competitors is <u>Growth Stage.</u>
<h3>
What do you mean by Product Life Cycle?</h3>
A product goes through different stages in its development when it is first introduced into the market by the companies. These stages include the introductory stage, the growth stage, the maturity stage and the decline stage.
Product lifecycle is the main marketing stage is the growth stage where, the product of the company required most of the marketing in the product cycle.
The growth stage of a product's life cycle is one in which a product's starts to gain a lot of acceptance among consumers, the product industry and the public as a whole.
During this growth period also, sales and revenues start to increase as a result of the acceptance of the product. This stage enhance more productivity of the particular company or industry.
Learn more about Product life cycle, refer to the link:
brainly.com/question/7510515
#SPJ4
