_____ is a period of slow sales growth as the product is introduced into the market. Profits are nonexistent in this stage because of the heavy expenses of product introduction.

Related MCQs

• _____ is the course of a product's sales and profits over its lifetime, involving five distinct stages: product development, introduction, growth, maturity, and decline.
• ____ is a period of market acceptance and increasing profits.
• During which stage of new-product development is management most likely to estimate minimum and maximum sales to assess the range of risk in launching a new product?
• _____ is a new-product development approach in which one company department works to complete its stage of the process before passing the new product along to the next department and stage.
• _____ is the stage of new-product development in which the product and marketing program are tested in more realistic market settings.
• Sales decline in the decline stage of the PLC because of technological advances, increased competition, and ________.
• In the product concept stage of new-product development, the product is merely a _____.
• ____ begins when the company finds and develops a new-product idea. During product development, sales are zero and the company's investment costs mount.
• A manufacturer with a product in the decline stage of the product life cycle might decide to ________ if it has reason to hope that competitors will leave the industry.
• In the concept testing stage of new-product development, a product concept in ________ form is presented to groups of target consumers.