The 6 Stages of the Product Life Cycle [+Examples]
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Product Lifecycle: product life cycle describes the stages a product goes through from its development to its decline in the market, typically including Development, Introduction, Growth, Maturity, Saturation, and Decline. This concept helps businesses track sales and adjust strategies for advertising, pricing, and product development to maximize profitability and market share at each stage | Rohit Chandra Thakur
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