Question

Following the introduction of a new product in the marketplace, which of the following stages of the product life cycle features slow growth?

Option 1: Introduction.
Option 2: Growth.
Option 3: Maturity.
Option 4: Decline.

Answer 1

In the product life cycle, the stage of slow growth occurs in Option 2: Growth.

Step-by-step explanation:

In the product life cycle, the stage of slow growth occurs in Option 2: Growth.

This stage is characterized by a gradual increase in sales and market acceptance of the new product. While the rate of growth is slower compared to the introduction stage, it still represents an upward trend in consumer demand and market share.