Which stage in the product life cycle is characterized by rapidly increasing sales and increasing profits?
A) introduction
B) youth
C) growth
D) maturity
E) development

Question

Quizplus · Accepted Answer

During the growth stage, sales rapidly increase as the product gains acceptance in the market. This results in a significant increase in profits as well. This is because the product has established a strong market presence and gains wider distribution, leading to increased consumer demand.

Which Stage in the Product Life Cycle Is Characterized by Rapidly