48.0k views
3 votes
Sales of xyz corporation's digital video cameras are rising rapidly, profits are peaking, and competitors are entering the market. xyz is able to maintain its market lead. judging from this example, the digital video camera is in which stage of the product life-cycle?

1 Answer

3 votes
The answer would be the growth stage. This is the second phase in the product life cycle, and for numerous manufacturers and producers this is the important stage for beginning a product's location in a market, improving profit margins, and increasing sales.
User Heiko Rupp
by
7.9k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories