GROWTH DEVELOPMENT CHILD
DEVELOPMENT AND LEARNING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Profits are usually nonexistent.
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Costs are low.
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c. Sales growth is exploding.
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There is intense competition
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Detailed explanation-1: -50) Identify the correct statement about the introduction stage of the product life cycle. Answer: In this stage, selling and advertising focus on the generic product.
Detailed explanation-2: -The introduction stage happens when a product is launched in the marketplace. This is when marketing teams begin building product awareness and targeting potential customers. Typically, when a product is introduced, sales are low and demand builds slowly.
Detailed explanation-3: -Definition: Introduction stage is the first stage in the product life cycle. The highlighting factor of this stage is that the product is new in the market, sales are slow and to push it higher the company has to incur heavy expenditure on advertisement to make it appealing to customers.
Detailed explanation-4: -The introduction stage shows low sales numbers as the product is being introduced in the market. Profit is zero or negative in this stage because of the heavy expenses of product introduction.