Vidyalelo
Commerce · Q429

Marketing Management

Graduate and Post Graduate · Commerce · question 429

Q429

During the product lifecycle, some suppliers tend to adopt the 'bandwagon effect' due to increasing sales of the product as buyers copy one another. This stage increases the complexity as rivals enter the market, and the range of product also widens as they try to attract consumers from each other with novel features. It is known as

A.
Introductory stage
B.
Growth stage
Answer
C.
Shakeout stage
D.
Maturity stage

Answer: Option B

Solution

Answer: Option B
No explanation is given for this question Let's Discuss on Board