Question

Increased competition leads to price
decrease increasing public
awareness sales volume increase
significantly are the characteristics
of
in PLC.
Decline stage
Market introduction stage
Mature stage
Growth stage​

Answer 1

Answer:

A company has to be good at both developing new products and managing them in the face of changing tastes, technologies, and competition. Products generally go through a life cycle with predictable sales and profits. Marketers use the product life cycle to follow this progression and identify strategies to influence it. The product life cycle (PLC) starts with the product’s development and introduction, then moves toward withdrawal or eventual demise. This progression is shown in the graph, below.

Answer 2

Answer:

Growth stage

Explanation:

The stage of the product life cycle where product sales, revenues and profits begin to grow as the product becomes more popular and accepted in the market.