Go over each stage of the product life cycle in detail.
Discuss in detail the various stages of product life cycle.
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Stages of Product Life Cycle
1. Introduction Stage:
2. Growth Stage:
3. Maturity Stage:
4. Decline Stage:
Factors Influencing Product Life Cycle:
Conclusion:
The product life cycle is a useful concept for understanding the stages that a product goes through from introduction to decline. By understanding these stages and the factors that influence them, companies can develop effective marketing strategies to maximize the success of their products.