Ask Question
16 May, 00:41

In the growth stage of the product life cycle, competition: a. spurs major price cuts that dramatically cut into profits. b. becomes well-established, with many weaker firms already leaving the market. c. is virtually nonexistent. d. begins as firms introduce their own versions of the product.

+3
Answers (1)
  1. 16 May, 00:45
    0
    d. Begins as firms introduce their own versions of the product.

    Explanation:

    During the introduction stage of a product life cycle, there is almost no competition at all, so the focus of the company is in the promotion of the product. But once the growth stage takes place, the other companies start introducing their products into the market, and competition starts to increase.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “In the growth stage of the product life cycle, competition: a. spurs major price cuts that dramatically cut into profits. b. becomes ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers