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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  Why Other Options Are Incorrect • A: Low sales. • C: Stable sales, intense competition. • D: Falling demand. • E: Not formal PLC stage. Banking Example: Rapid growth of UPI services in early expansion phase.

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