Question

A high percentage of new products fail during this period of Product Life cycle:

पर्याय

• Growth stage

• Decline stage

• Introduction stage

• Maturity stage

Answer 1

Introduction stage

Explanation:

The introduction stage is when a new product is launched into the market. During this period, the product is still gaining awareness, and sales are typically slow. High costs associated with product development, marketing, and distribution often result in low or negative profits. Many new products fail to gain sufficient market acceptance or fail to generate enough revenue to cover these initial costs, leading to a high failure rate during this stage.