Which stage in the product life cycle represents the level in which both sales and competition increase?

1 answer:

8 0

The answer is the growth stage. This is the second of stage, and for some makers this is the key stage for building up an item's situation in a market, expanding deals, and enhancing overall revenues. This is accomplished by the proceeded with advancement of buyer request using advertising and limited time movement, joined with the decrease of assembling costs.

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Which stage in the product life cycle represents the level in which both sales and competition​ increase?

Which stage in the product life cycle represents the level in which both sales and competition increase?