Question

During the _______ stage of the product life cycle, sales rise, profits rise rapidly, and there are a few but increasing number of competitors.

Answer 1

Answer:

Growth

Explanation:

The growth stage of a a product's life cycle is one in which a product's starts to gain a lot of acceptance among consumers, the product industry and the public as a whole. During this growth period also, sales and revenues start to increase as a result of the acceptance of the product.  

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