Business Studies, asked by bincyadakkathu7872, 1 year ago

How PLC (Product Life Cycle) affect on pricing decision.

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Answered by SoumilSingh
0

A product's life cycle is its progress from when it is created to when it is discontinued. There are four stages in the cycle, which are development, growth, maturity, and decline. The product life cycle helps business owners manage sales, determine prices, predict profitability, and compete with other businesses.

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