Describe the four stages of the product life cycle

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Questions

1. Describe the four stages of the product life cycle.

2. Identify a product currently in the 'Mature' stage and another in the 'Decline' stage. Use specific examples of activities to explain what is currently happening to both products in the marketplace.

3. With the product you identified in question one as being in 'Mature' stage, detail the types of marketing strategies you would develop to extend its life cycle.

Reference no: EM133515874

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