During the _______ stage of the product life cycle, sales rise, profits rise rapidly, and there are a few but increasing number

Question

svetoff [14.1K]

3 years ago

15

During the _______ stage of the product life cycle, sales rise, profits rise rapidly, and there are a few but increasing number

of competitors.

Business

1 answer:

Butoxors [25] · Answer 1 · 2022-04-21T14:06:17+03:00

Answer:

Growth

Explanation:

The growth stage of a 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.

Cheers.