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प्रश्न
Which stage of the product life cycle is marked by falling costs and rising revenues?
विकल्प
Introduction stage
Growth stage
Maturity stage
Saturation stage
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उत्तर
Growth stage
Explanation:
During the growth stage, rapid market acceptance and rising customer demand result in significantly rising sales. Concurrently, manufacturing costs begin to reduce as economies of scale are realized through mass production, resulting in increased overall profitability for the company.
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संबंधित प्रश्न
Which stage of Product Life Cycle has a greater emphasis on customer service?
In which stage of product life cycle, the company takes decision whether to maintain, harvest or drop the product?
Typically profit is negative in which stage of the product life cycle?
Choose the correct sequence of the Product Life Cycle.
In which stage of the product life cycle, sales continue to grow but at a decreasing rate?
What happens to a product in the decline stage of its life cycle?
You are the Marketing Manager of a fast moving consumer goods (FMCG) company and you find that one of your products, a washing detergent, is in its grown stage. Describe the steps that you would take to increase your sales in this stage.
How is the product life cycle advantageous?
Explain the strategies to be adopted during the growth stage of the Product Life Cycle.
“Introduction Stage in a product life cycle is not very risky.” Justify either or against.
