During the growth stage of the product life cycle which of the following happens?
A)demand for the product is limited to high-income consumers
B)prices increase due to economies of scale
C)there is decreased direct competition
D)profits peak

Question

Quizplus · Accepted Answer

During the growth stage, sales and profits increase as the product gains acceptance, but profits typically peak towards the end of this stage before competition intensifies in the maturity stage.

During the Growth Stage of the Product Life Cycle Which