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Which stage of the product lifecycle is marked by falling costs and rising revenues?

  • At the Growth stage, the product lifecycle is marked by falling costs and rising revenues.
  • The Growth stage of the product lifecycle is characterized by a rapid increase in sales and profits, as the product gains popularity and demand grows.
  • At this stage, the company is able to reap the benefits of economies of scale, as production costs decrease and efficiency improves.
  • This results in falling costs and rising revenues, as the company is able to sell more units at a lower cost and generate higher profits.
  • Companies typically focus on expanding their distribution channels and improving their production processes during this stage, in order to capitalize on the growing demand for the product.