MANAGEMENT

Detailed explanation-1: -C) Growth stage of the product life cycle is the stage at which the product starts to grow in the market. The demand of the product increases and the product is about to reach its peak. The product shows tremendous growth in terms of demand. So, it is the wrong answer.

Detailed explanation-2: -Peak is the true answer because it is not one of the product life cycle phases.

Detailed explanation-3: -As mentioned earlier, it includes four stages-introduction, growth, maturity, and decline.

Detailed explanation-4: -The product life cycle is the progression of a product through 5 distinct stages-development, introduction, growth, maturity, and decline. The concept was developed by German economist Theodore Levitt, who published his Product Life Cycle model in the Harvard Business Review in 1965. We still use this model today.