The Puffer is in the Introduction Stage of the Product Life Cycle.
Explain the stages of product life cycle?
1. Introduction: This is the first stage of the product life cycle, during which the product is developed and introduced to the market. It involves the development of the product concept, research, product design, and testing. The goal of this stage is to create awareness and generate demand for the product.
2. Growth: In this stage, the product has established itself in the market and is gaining popularity. Companies focus on expanding the customer base by increasing advertising and promotional activities.
3. Maturity: This is the third stage of the product life cycle, in which the product has reached its peak in terms of sales and profits. Companies focus on maintaining the customer base and increasing market share.
4. Decline: This is the final stage of the product life cycle, during which the product's sales start to decline due to competition or changes in customer needs and preferences. Companies focus on reducing costs and increasing efficiency to remain competitive.
This is because there are few competitors and many consumers are unaware of its benefits. During the Introduction stage, a company is just launching their product and trying to establish a market for it.
Therefore, Introduction Stage is the answer.
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