The life cycle stage in which a product or service is being invented is known as the _____.
A) growth stage
B) boom
C) introduction stage
D) shake-out

Question

Quizplus · Accepted Answer

The introduction stage is the first stage in the life cycle of a product or service, where it is being developed, tested, and introduced to the market. During this stage, sales are low and there is little competition.

The Life Cycle Stage in Which a Product or Service