During the growth stage of the product life cycle, there are few but an increasing number of competitors.
In the field of business, the process through which a particular product is made and introduced into the market, the strategies involved in the selling of the product till the product is removed from the market is referred to as the product life cycle.
The growth stage of the product life cycle is the phase in which the product becomes introduced in the market and manages to gain the attention of the customers. Also, the products begin to have competition in the market with other related products.
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