In which of the following stages is there an explosion of choices in terms of products and services?
A) Introduction stage
B) Growth stage
C) Maturity stage
D) Decline stage

Question

Quizplus · Accepted Answer

The explosion of choices in terms of products and services usually happens in the growth stage. At this stage, the market for the product or service is growing, which attracts new entrants and encourages existing players to introduce new variations or features to their offerings. The result is a proliferation of choices for consumers. In the introduction stage, there are usually only a few players in the market, and the product or service itself may not be fully developed yet. In the maturity stage, the market has become saturated, and players may be more focused on defending their market share rather than introducing new products. In the decline stage, the market is shrinking, and there is usually less innovation and fewer choices available.

In Which of the Following Stages Is There an Explosion