Which of the following strategies will help companies succeed during the growth stage of a product cycle? a. Focusing on develop

Question

3 years ago

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Which of the following strategies will help companies succeed during the growth stage of a product cycle? a. Focusing on develop

ing new products or services b. Focusing on creating product differentiation c. Increasing product prices significantly d. Sacrificing product quality e. Increasing overhead costs

Business

1 answer:

sashaice [31] · Answer 1 · 2022-12-26T01:51:42+03:00

The strategy which will help companies succeed during the<em> growth stage </em>of a product cycle is:

b. Focusing on creating product differentiation.

<h3>What is Product Cycle?</h3>

This refers to the various processes which a product has to undergo to become the finished product which would help it to grow and develop and allow the developers to check for errors.

With this in mind, we can see that the best strategy which would help companies to succeed during the <em> growth stage </em>of a product cycle is to focus on creating product differentiation.