Business Studies, asked by narasimharohith64181, 11 months ago

Describe the concept of product life cycle. Explain various stages of product life cycle?

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Answered by smartsarancomfortrub

Answer:

Product life cycle is the progression of an item through the four stages of its time on the market. The four life cycle stages are: Introduction, Growth, Maturity and Decline. Every product has a life cycle and time spent at each stage differs from product to product.

Explanation:

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