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md 31.docx - Every product goes through various stages...

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Every product goes through various stages throughout its life. From idea generation toincreased sales till the product is not in-demand, marketing strategies differs for eachlevel of the product's life.The life cycle has four stages - introduction, growth, maturity and decline. While someproducts may stay in prolonged maturity stage, but eventually every product phases out.Introduction:Once the product is ready to be launched into the market, the first stage is calledintroduction stage. When the product is first released into the market, it has to break theice. It might be a success if customers like it or it can be a flop-show. In this stage mostof the time development and promotions are at higher level. The main aim for
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Term
Spring
Professor
DavidCollins
Tags
Marketing, various stages

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