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What Is the Product Life Cycle? Explained with Real Examples
Ever wondered why your favorite products disappear from the market? That’s the Product Life Cycle in action! Here’s how it works: 1️⃣ Introduction – Product is launched. High marketing costs, low profits. 2️⃣ Growth – Sales rise rapidly. Market acceptance grows, profits increase. 3️⃣ Maturity – Peak sales. Competition ...
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