Which of the Following Is True of the Growth Stage

question 78

Multiple Choice

Which of the following is true of the growth stage of the PLC?

• A)The laggards will begin to buy the product at this stage and the early adopters may follow.
• B)The primary reason for growth at this stage is the lack of competitors in the market as the product is new.
• C)The firm will begin to reduce its spending on all other parameters and focus only on production of the good.
• D)Profits are nonexistent at this stage.
• E)By spending a lot on product improvement and promotion, the firm gives up maximum current profit.

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Definitions:

Baseball Players

Athletes who participate in the sport of baseball, which involves hitting a ball and running bases to score.

Performance-Enhancing Drugs

Substances used by athletes or individuals to improve their physical abilities and performance.

Quality

How well something ranks when measured against others in its category; its excellence measure.

Quantity

The amount or number of a material or immaterial thing.