State the implications of PLC.
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Maturity Stage
Low cost due to high production volume. Industrial profits decline. High competition. Optimum sales volume.
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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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