Which of the following statements is not true regarding new product development?

Which of the following statements is NOT true about the product life cycle?Single choice.

a. In general, competition tends to move toward pure competition.

b. Each stage may have a different target market.

c. As industry sales rise, industry profits also rise.

d. Industry profits start to decrease in market growth.

Which of the following statements is not true regarding new product development?

Which of the following statements is not true regarding new product development?

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