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Question
In the introduction stage of a product life cycle ______ is absent.
Options
Production
Competition
Sales
Distribution
MCQ
Fill in the Blanks
Solution
In the introduction stage of a product life cycle competition is absent.
Explanation:
During a product's initial phase, there is no competition. This is the phase in which the product makes its initial appearance on the market as it enters the growth stage.
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Understanding 4 ‘P’S– Product, Price, Place and Promotion.
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