The stage in the product life cycle is critical to a product's survival because competitive reactions to the product's success during this period will affect the product's life expectancy.
A) decline
B) expansion
C) growth
D) introduction
E) stabilization

Question

Quizplus · Accepted Answer

During the growth stage, a product experiences increased competition as it gains market acceptance, which can significantly impact its future success and longevity.

The Stage in the Product Life Cycle Is Critical to a Product's