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During the sales life cycle, which is an ex of what happens during the introduction phase?

a) Sales and price decline, as do the number of competitors.

b) Sales continue to increase but at a decreasing rate. The number of competitors and product variety decline.

c) Sales increase rapidly along with an increase in product variety.

d) Sales rise slowly as customers become aware of the new product or service. Product variety is limited.

Accounting Basics, Accounting

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