Question

When Toyota introduced hybrid cars, there were waiting lists to buy them. Then Honda and a few other manufacturers entered the market, shifting the product life cycle for hybrid cars into the __________ stage of the product life cycle.
a. Leveling
b. Growth
c. Maturity
d. Introduction
e. Decline

Answer 1

Answer:

B. Growth.

Explanation:

The growth stage is the period during which the product inevitably and progressively gains acknowledgment among buyers, the industry, and the more extensive overall population. During this stage, the product or the development gets acknowledged in the market, and subsequently deals and incomes begin to increment.