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    Question

    Which stage of Product Life Cycle typically shows rapid

    sales growth and increasing competition?
    A Introduction Correct Answer Incorrect Answer
    B Growth Correct Answer Incorrect Answer
    C Maturity Correct Answer Incorrect Answer
    D Decline Correct Answer Incorrect Answer
    E Saturation Correct Answer Incorrect Answer

    Solution

    Growth stage features increasing demand, rising profits, and new competitors entering market ┬аWhy Other Options Are Incorrect тАв A: Low sales. тАв C: Stable sales, intense competition. тАв D: Falling demand. тАв E: Not formal PLC stage. Banking Example: Rapid growth of UPI services in early expansion phase.

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