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Question
Which of the following is a characteristic of the growth stage of the product life cycle?A. During this stage, acceptance of imitative products increases rapidly while it drops for innovative products.
B. Prices of products in this stage tend to rise as production becomes more efficient.
C. Prices of products in this stage tend to drop as competition decreases.
D. Sales and profits during this stage grow at higher rates than at any other part of the product life cycle.
Answer
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