In the Market Growth Stage of the Product Life Cycle

question 84

Multiple Choice

In the market growth stage of the product life cycle:

• A) competing products become almost the same in the minds of potential consumers.
• B) distribution moves from intensive to selective.
• C) many competitors drop out of the market.
• D) total industry sales increase very slowly.
• E) total industry profits reach their peak and begin to decline.

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Definitions:

Entrepreneur

An individual who creates and manages a business venture in order to generate profits, often taking on financial risks.

Profitable Opportunities

Situations or ventures that promise a return on investment or generate financial gain.

Rational

Decision-making or behavior guided by logical reasoning and self-interest.

Beneficial Activities

Activities that produce positive outcomes for individuals or communities, including economic, social, or environmental benefits.