GROWTH DEVELOPMENT CHILD
DEVELOPMENT AND LEARNING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Costs go up.
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Competitors arrive on the scene.
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It’s the longest-lasting stage of the product life cycle.
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Sales increase very slowly.
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Detailed explanation-1: -Competitors arrive on the scene. It’s the longest-lasting stage of the product life cycle.
Detailed explanation-2: -Product growth stage This should be a period of rapid growth in both sales and profits for your product or service. Your profits should rise through an increase in output and more competitive pricing.
Detailed explanation-3: -Question: Which of the following is not true of the growth stage of the product/service life cycle? Your answer: Availability of quality product/service is a likely order winner Increasing number of competitors Possible move to commodity standardisation Customers are early adopters.
Detailed explanation-4: -During the maturity stage of the product life cycle, the sharp growth in sales begins to slow, and profits at the beginning of this stage decline.
Detailed explanation-5: -Which of the following is a true statement about the introduction stage of the industry life cycle? Costs are low. People unaware of the existence of these product and firm trying to grow customer awareness as much as possible.