Industry profits are largest in which of the following product life cycle stages?
A) Market introduction.
B) Market growth.
C) Market maturity.
D) Sales decline.
E) None of these is a good answer.

Question

Quizplus · Accepted Answer

During the market growth stage, demand increases rapidly, sales grow, and companies can achieve economies of scale, leading to larger profits. This stage typically sees the highest level of profitability for an industry as the product gains acceptance and market share increases.

Industry Profits Are Largest in Which of the Following Product