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Stages in Product Life Cycles

Strategies do not last forever, and industries go through life cycles. In so far life cycles is concerned, these apply: decline, maturity, growth, and introduction. Knowing the differences between these stages is important, because managers must strive to emphasize the key functional areas during each of these stages and to attain a level of parity in all functional areas and value-creating activities. By applying these premises we can then conclude that the emphasis on product design would be low in the decline stage, low to moderate in maturity stage, but highest in introduction stage.

True or false?

Solution Preview

The life cycle stages are correct, but they're in the wrong order. Its introduction, growth, maturity, and decline. ...

Solution Summary

This solution discusses the product life cycle question presented.