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The product life cycle refers to __________. ?a concept that describes the stages a product goes through in the marketplace—introduction, growth, maturity, and decline

User Esau
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The product life cycle is a concept that would describe the stages that a product undergoes in the market. These stages are introduction, growth, maturity and decline. Every product that is new always follow this cycle. However, every product cycle is a factor of the situation of the market so it varies accordingly.
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