Asked by pizza and spagghetti on Jun 25, 2024
Verified
In ______ stage of the product life cycle,profits generally first appear.
A) decline
B) introductory
C) growth
D) maturity
Product Life Cycle
The stages through which a product goes from its inception to decline, including introduction, growth, maturity, and decline.
Introductory Stage
The initial phase of a product or service lifecycle, characterized by low sales, high investment costs, and limited market acceptance.
Growth Stage
The growth stage is the phase in a company's life cycle characterized by rapid market acceptance and increasing profits.
- Understand the product life cycle and its stages.
Verified Answer
Learning Objectives
- Understand the product life cycle and its stages.
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