What are two products that you consider to be in the Growth stage of the Product Life Cycle and why?

module 06 written assignment – the product life cycle

1. Smartphones: Smartphones have been a major part of the technology market for the past decade and are now in their growth stage. This is due to their high demand, as they continue to become more sophisticated with advanced features such as wireless charging, facial recognition, and digital assistant capabilities. The increasing affordability of smartphones has also allowed more people to purchase them which continues to drive up sales.
2. Electric Cars: Electric cars are one of the fastest-growing segments in the automotive industry right now as consumers embrace sustainable transportation options and look for greener alternatives to traditional gas-powered vehicles. With governments providing incentives for electric car owners and manufacturers continuing to introduce new models, electric cars remain in an upward trend that shows no signs of slowing down any time soon.