Explain the product life cycle concept. What are the stages of the product life cycle?

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asked Jul 17, 2024 52.9k views

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Joe Clancy · Answer 1 · 2024-07-23T02:54:03+0000

The product life cycle involves the stages through which a product goes from the time it is introduced in the market till it leaves the market. A product life cycle consists of four stages: introduction, growth, maturity, and decline.

Explain the product life cycle concept. What are the stages of the product life cycle?

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