Question

Central Bark Doggie Day Care opened the first day care center for dogs. It currently has 31 locations, with a new Gainesville, Florida, location coming soon. The concept for a dog day care center became so popular that other competitors began to enter the market. With competing companies such as Camp Bow Wow and others entering the market, it can be said that the concept of day care center for dogs is moving into the __________ stage of a product life cycle.

Answer 1

It is moving into the growth stage of a product life.

Step-by-step explanation:

The growth stage is the key stage for establishing a business. It is a stage where a product's sales begin to grow higher and when there is high demand for the product.

At this stage a company starts experiencing increase in competition. This is because other firms develop similar products to compete for available revenue.

Central Bark Doggie Day Care have grown to have 31 other locations and this has caused competition from other dog day care centres as they begin to enter the market.

Answer 2

The business id moving into the Growth stage.

Step-by-step explanation:

The growth stage of a business is the period during which the product has eventually and increasingly gained acceptance among consumers, the industry, and the general public. During this stage of acceptance, the product or the innovation will be accepted in the market, and this will result to an increase in sales and revenues.

Also, this is the period in which there will be copycats, this is due to the fact that the innovation is now widely accepted, therefore the risk of running at losses has been largely minimized.

As we can see from the scenario given above, Central Bark Doggie Day Care has several locations, with more coming soon, this indicates the acceptance of the business by the public, also Camp Bow Wow wants to enter into the business, this is another indicator that the business is in the growth stage.