The document discusses the product life cycle of fast moving consumer goods (FMCG). It describes how products go through different stages over time - introduction, growth, maturity, and decline. In the introduction stage, a new product is launched with high costs, limited distribution, and low profits. The growth stage sees increasing sales and profits as costs decrease. Maturity brings slower sales growth but continued cost reductions. Finally, the decline stage has falling sales and profits as consumers switch to other products. To maximize profits over a product's lifespan, companies must implement different marketing strategies tailored to each life cycle stage.