The ___________ proposes that products initially go through a period of introduc

Question

The ___________ proposes that products initially go through a period of introduction, followed by relatively rapid growth as more competitors enter the market and consumer acceptance of the product increases. As competition increases, weaker competitors drop out of the market and product sales tend to stabilize. Later, sales decline.

            a.         sales model

            b.         growth model

            c.         competition law

            d.         market survival law

            e.         product life cycle

Explanation / Answer

it is the market survival law as the weaker competitor are not able to compete and drops out.

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