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Alex73 [517]
3 years ago
15

establishing a strong, defensible market position, and (2) achieving financial objectives that repay investment as its main prio

rities?
Business
1 answer:
8_murik_8 [283]3 years ago
4 0

Answer: Growth Stage

Explanation:

The priorities in the growth stage of the Product Life cycle are to achieve a strong, defensible market position, as well as to achieve financial objectives that repay investment.

The Growth stage is the second stage in the Product Life Cycle where the product is now beginning to gain popularity amongst people which is translating to increased sales and profitability. As a result, the company would want to prioritise using this time of it being popular to get it into a strong position in the market so that it can remain a success.

They would also want to leverage the profits coming in to be able to repay the investment.

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