Definition Of Growth Stage
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Growth definition is a stage in the process of growing.
Definition of growth stage. The growth stage is the second of stages in the product life cycle and for many manufacturers this is the key stage for establishing a product s position in a market increasing sales and improving profit margins this is achieved by the continued development of consumer demand through the use of marketing and promotional activity combined with the reduction of manufacturing costs. In the growth stage the company s emphasis is not only on recovering the costs incurred in the introduction phase but also on generating profits. Companies are often considered to be in growth stage when they have completed their proof of concept have an initial form of traction and are looking to accelerate the growth of the business. How to use growth in a sentence.
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