In the Growth Stage of the Product Life Cycle, Which

question 234

Multiple Choice

In the growth stage of the product life cycle, which of the following is most accurate?

• A) Competition will begin to intensify as competing firms introduce their own versions of the product.
• B) Competition will spur major price cuts that dramatically cut into profits.
• C) Competition has already become well-established, with many weaker firms already leaving the market.
• D) Competition is virtually nonexistent because competitors have not had enough time to introduce their own products.