explain in product life cycle concept
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The product life cycle is an important concept in marketing. It describes the stages a product goes through from when it was first thought of until it finally is removed from the market. ... Maturity – sales are near their highest, but the rate of growth is slowing down, e.g. new competitors in market or saturation.
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The product life cycle is an important concept in marketing. It describes the stages a product goes through from when it was first thought of until it finally is removed from the market. ... Maturity – sales are near their highest, but the rate of growth is slowing down, e.g. new competitors in market or saturation.
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