Johnson Controls $($JC$)$ is finally earning a profit on a new product it introduced to business buyers a year ago. More and more customers are purchasin

product, and the product faces little serious competition. Industry competitors have begun to take notice, however, and have recently introduced comp

products. In which stage of the product life cycle is Johnson Controls operating?

Market growth

Market development

Market introduction

Sales declineJohnson Controls $($JC$)$ is finally earning a profit on a new product it introduced to business buyers a year ago. More and more customers are purchasin

product, and the product faces little serious competition. Industry competitors have begun to take notice, however, and have recently introduced comp

products. In which stage of the product life cycle is Johnson Controls operating?

Market growth

Market development

Market introduction

Sales decline