Product life cycle
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The product life cycle describes the stages through which a product typically passes from introduction to decline. A product is usually introduced to the market, experiences rapid growth as demand increases, reaches maturity with steady sales, and eventually faces decline as the product becomes outdated or a new generation of products is introduced. Managing each stage of the product life cycle is important for business success and planning future innovation.
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The product life cycle describes the stages through which all products pass from introduction to decline. Products are introduced and sales grow slowly at first as the product is established in the market. If successful, sales will increase rapidly as more customers adopt the product until eventually most potential customers will have purchased it and sales growth will slow again. Eventually sales will decline as the product becomes obsolete or is replaced by newer versions.
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THE SACRIFICE HOW PRO-PALESTINE PROTESTS STUDENTS ARE SACRIFICING TO CHANGE T...