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Product Life Cycles and Industry Sales and Profits

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Explain how industry sales and industry profits behave over the product life cycle and using an example.

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Solution Summary

This solution discusses the product life cycle and how its impacted by sales and profits.

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Answer:

Product life cycle is divided in four parts and these four parts include:

(i) Introduction: At this stage company promote its product and for this it requires lot of investment. Here the sales ...

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Jayant Kumar, MBA
Education
  • MBA, Indian Institute of Finance
  • Bsc, Madras University
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