Product Life-Cycle Stages
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What are two examples of products that you think are currently in each of the product life-cycle stages? Consider services as well as physical goods. Justify why you chose that product or service for that life-cycle stage.
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Solution Summary
This is a 292 word post that outlines the Product Life-Cycle Stages of the video industry. There are no references. The concepts of this solution can apply to many industries.
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Product Lifecycle Stages
The product lifecycle give a company good indication on what to do next as their product passes through the different phases of life from introduction to decline. One product, for instance which has reached its decline stage is the video rental store. This market was in its maturity stage 20 years ago, but as new and improved technology has surfaced there are fewer and fewer people needing to ...
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