New 👉 Ask your RBI Grade B 2025 Preparation Queries Here!!

    Question

    Which stage of the product life cycle causes the profit

    to improve substantially?
    A Introduction stage Correct Answer Incorrect Answer
    B Maturity stage Correct Answer Incorrect Answer
    C Growth stage Correct Answer Incorrect Answer
    D All of these Correct Answer Incorrect Answer

    Solution

    With proper marketing, a product can go into the growth stage. During the growth stage, sales rise rapidly as consumers begin to accept the product.

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