Product Life CycleDollars0IntroductionGrowthMaturityTimeConsumers have stopped buying the product.Price has been affected because competition has entered.Sales have peaked.The company is starting to innovate.DeclineAs you look at the Product Life Cycle shown above, you notice that the space between sales andprofits starts to widen in the Growth phase. Why?(Choose all responses that apply.)SalesProfits

Thе product lifе cyclе is a concеpt that dеscribеs thе stagеs a product goеs through from its…

As you look at the Product Life Cycle shown above, you notice that the space between sales and profits starts to widen in the Growth phase. Why? (Choose all responses that apply.) Consumers have stopped buying the product. Price has been affected because competition has entered. O Sales have peaked. The company is starting to innovate.