Question

The emphasis on product design is very high the intensity of competition is low and market growth is low in the which industry life cycle

Answer 1

Introduction Stage

Explanation:

• At the stage of the introduction, it is the initial stage and the business launches the product to the market. During this stage, the development and research of the product happen and the large amount of investments are to be made in order to introduce the product to the market.

• The primary or main motive of the introduction stage is to gain or acknowledge the market demand of the product.

• So, at the introduction stage, the focus is on the product design is very high, the growth of the market is very low as well as the intensity of the competition is also low.

You can more from here about the industry life cycle:

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