In the Growth Stage of the Product Life Cycle, Which

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.