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Gaven Rose
Business
8 July, 16:46
What is a product's life cycle? entrepreneurship
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Paul Duncan
8 July, 17:09
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The life cycle of a product are as follows:
1) Introduction - This involves the R&D, marketing, and launch of the product
2) Growth - This is the period of the life cycle when sales of increasing most quickly
3) Maturity - sales are peaking, but the rate of growth is slowing down,
4) Decline - final stage of the cycle, when sales begin to fall
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