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Sagot :
Growth stage of the product life cycle does this reflect.
What is the growth phase?
The Growth stage, the second stage in the product life cycle, is crucial for many manufacturers because it helps a product take its place in the market, boost sales, and increase profit margins.
What occurs during the growth stage?
Consumers have accepted the product on the market and are starting to genuinely buy in during the growth stage. That indicates that both demand and profits are rising, preferably consistently and quickly. The market for the product is expanding during the expansion stage, and competition is starting to emerge.
What is an illustration of a growth stage?
For instance, the Tesla Model S is currently seeing growth. People still need to be persuaded that electric automobiles are reliable and useful. It gets easier to convince individuals who are more skeptical of new technology, like electric automobiles, when there are more electric charging stations and more people embrace them.
learn more about growth stage here https://brainly.com/question/8805824
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