Which stage of the product life cycle is the largest profit stage for companies?
A) Market Introduction
B) Market Maturity
C) Stagnation
D) Sales Decline
E) Market Growth

Question

Quizplus · Accepted Answer

During the Market Growth stage, sales rapidly increase, leading to significant profits as the product gains acceptance and market share. This stage often sees the highest level of profitability for companies before competition intensifies.

Which Stage of the Product Life Cycle Is the Largest