In which of the following stages of the product life cycle do most competitors enter the market?
A) introduction
B) maturity
C) launch
D) growth

Question

Quizplus · Accepted Answer

In the growth stage, sales and consumer demand for the product is rapidly increasing. As a result, competitors are attracted to the market and begin to introduce their own versions of the product. This makes it a crowded and competitive space, with many players vying for market share.

In Which of the Following Stages of the Product Life