At which stage of the product life cycle are microwave ovens?
a introduction
b growth
c maturity
d decline
e accelerated development
Expert Answer
The correct answer is option a.
Product life cycle is nothing but the sequence of stages through which a new product progresses. These stages are introduction stage, growth stage, maturity stage and decline stage.
Introduction stage – This is the first stage where the product is launched in the market and the sales are low.
Growth stage – This is the stage where growth is very high in terms of sales and profits.
Maturity stage – This is the stage where the product has
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