Question: A small high tech company has created a new software product for tracking project management time. This innovative application has been purchased by a few
A small high tech company has created a new software product for tracking project management time. This innovative application has been purchased by a few large consulting companies where tracking employee work time on multiple projects is a constant challenge. Although there are no other competitors in this field, new sales are slow as the software proves itself in the real world. What stage of the product lifecycle is this software product currently experiencing? Question options: Slow growth Fast growth Pioneer stage Maturity stage
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