Which of the following is true of the growth stage of the product life cycle?
A) Sales start climbing quickly.
B) Early adopters stop buying the product.
C) New competitors avoid the market.
D) Profits are nonexistent at this stage.
E) Prices tend to increase significantly.

Question

Quizplus · Accepted Answer

During the growth stage of the product life cycle, sales start climbing quickly as the product gains acceptance in the market and more consumers begin to purchase it.

Which of the Following Is True of the Growth Stage