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Which stage of the retail life cycle is characterized by the entrance of many new competitors and tremendous growth in sales and profits? vulnerability maturity growth entry introduction

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gauravsingh23VT

Growth is the stage of the retail life cycle is characterized by the entrance of many new competitors and tremendous growth in sales and profit. Hence, option C is correct.

What is Growth in product life cycle?

During the growth stage, customers have accepted the product on the market and are beginning to actually buy in. That suggests that demand and profits are both increasing, ideally steadily and fast.

During the expansion stage, the product's market is growing and competition is starting to take hold. In this time period there is the highest sales of the profit.

Thus, option C is correct.

For more details about Growth in product life cycleclick here:

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