Answer:
Introduction Stage
Step-by-step explanation:
Product life Cycle PLC: Every product has a life cycle, just like humans, in which it is introduced and at the end it dies. Product goes into 4 stages, during which businesses use the strategies which are consistent with the PLC Stage the product is in.
Stages of Life Cycle:
- Introduction.
- Growth.
- Maturity.
- Decline.
Introduction Stage:
- In this stage company has just introduced it's product into the market, and would be using strategies to promote the product, so that consumers would get the awareness regarding the new product.
Epic Electronics is doing the same, promoting it's new product, because their product is in introduction stage.