The product life-cycle stage in which there is a rapid sales ...

[jeatrice]

The product life-cycle stage in which there is a rapid sales increase; other firms have begun to market competing products; and lower unit costs and an overall tendency toward increased profit prevail is called:
 A) growth.
  B) extension.
  C) introduction.
  D) decline.
  E) maturity.

Question 2

If Procter & Gamble, a US leader in household products, and Reckitt Benckiser, a British leader in household products, form a partnership to develop and distribute a line of ecologically friendly laundry detergent, the partnership would be a(n):
 A) corporation.
  B) joint venture.
  C) monopoly.
  D) licensing agreement.
  E) economic community.

[elyse44]

Answer to Question 1

A

Answer to Question 2

B

[jeatrice]

Thanks for the timely response, appreciate it

[Liamb2179]

Excellent