Product life cycle are laclans family-crafted banjos

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Reference no: EM133576670

Question

Laclan has operated a banjo shop in Sevierville, Tennessee for the past three years. Laclan sells only the banjos that he, his brother, and his son produce. Although sales were modest in the first two years, sales of his family-made banjos have increased so dramatically in the past year that it is difficult for him to keep inventory on the store's shelves. Many customers have paid deposits on the banjos, and Laclan is concerned that they may have to wait over one year before they receive their orders. At what stage of the product life cycle are Laclan's family-crafted banjos?

Reference no: EM133576670

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