Question

Marissa, a product manager, thinks her company's InstaCup coffee maker is currently in the growth stage of the product life cycle. If so, the profits for the InstaCup coffee maker ___ and the number of competitors ____. a. are increasing; is growing b. are declining; is growing c. are negative; is growing d. are declining; is declining e. have peaked; is declining

Answer 1

Answer:

A. Is the correct answer

Explanation:

The profits of Marissa's InstaCup coffee maker are increasing as well as the number of competitors.

This stage is known as the maturity stage. It is one of the stages of a product life cycle. In this stage, the growth of the sales reaches its peak while the product goes towards its maximum. At this stage, while the product approaches it's maximum, then competition would also start to increase