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10 March, 16:12

What is a product's life cycle? entrepreneurship

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  1. 10 March, 16:48
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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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