With reference to growth stage of Product life cycle, which statement is/are NOT correct? 1. New models of products are introduced. 2. Sales fall down sharply. 3. Distribution is widened. 4. Prices are at competitive levels.

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KollegeApply · Accepted Answer

Only 2 Explanation: Sales increase significantly during the growth stage of the Product Life Cycle as customer acceptance and demand rise. As a result, Statement 2 (“Sales fall sharply”) is incorrect because a sharp decrease in sales is a distinguishing feature of the decline stage.

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