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Product Life Cyles

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Why are accountants concerned about product life cycles?

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This solution provided numerous examples on why accountants are concerned with product life cycles.

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Accountants are concerned with product life cycles for a number of reasons. One, they are able to help the company stay afloat with maintaining the necessary taxes to make sure that everything runs smoothly. When a company introduces a product, they could wonder if the public will accept it or not. If they choose not to, then they have to modify the product, which could cause them more heartache in the long run because of the payouts to make it a fad for the country or world to purchase. However, when a product becomes the buzz of the community, or wherever it is marketed, then they have possibility of having to decide how much taxes will go the government, and what is given to the company based off what ...

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