Business Studies, asked by bibhutimarch5775, 1 year ago

What is the product life cycle and how can it affect strategic operations decisions?

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Answered by deepsen640
0
ยท 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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