GK
MARKETING MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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During this stage of the Product Life Cycle sales increase and competitors are attracted.Features, options, and services are added to the product.
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The Introduction Stage
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The Decline Stage
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The Growth Stage
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The Maturity Stage
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Explanation:
Detailed explanation-1: -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-2: -The main stages of the product life cycle are: Introduction – researching, developing and then launching the product. Growth – when sales are increasing at their fastest rate.
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