The two key characteristics of the growth stage of the product life cycle are "sales volume improves considerably, and profit begins to increase."
The growth stage of a product is when the product is "getting accepted among consumers widely, and the customer line is getting created.
During this period, the sales of the product increased, but there is still room for maturity.
At the same time, the product begins to yield profits for the owners due to a reduction in the cost of production and more sales.
Hence, in this case, it is concluded that the growth stage in a product life cycle is one of the stages entrepreneurs need to watch out for.
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