During what stage of a new product’s life cycle does a company face the least amount of competition?
A.
introduction stage
B.
growth stage
C.
maturity stage
D.
decline stage
A. Introduction stage
The correct answer is A. introduction stage.
During the introduction stage of a new product's life cycle, there is typically less competition for the company. This is because the product is just being introduced to the market, and there are likely fewer competitors offering similar products. As the product gains popularity and moves into the growth, maturity, and decline stages, more competitors may enter the market, making it more challenging for the company to maintain a competitive advantage.