Question

A firm that specializes in alternative energy releases a new and highly efficient solar battery. During the _________ stage of the product cycle, other firms will begin to produce the product and sales will continue to increase.

Answer 1

Answer: Growth Stage.

Explanation:

In the growth stage of the product cycle of the new product, there would still be an increase in sales for the original producer of the new product: because they entered the market earlier and therefore would have many consumers loyal to their brand regardless of the competition in the market.