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The product life cycle involves five stages: introduction, market development, growth, maturity, and decline. These stages are determined by the business's strategy for marketing and positioning in the marketplace. The product's pricing becomes an important factor in driving sales.

Produktbeschreibung
The product life cycle involves five stages: introduction, market development, growth, maturity, and decline. These stages are determined by the business's strategy for marketing and positioning in the marketplace. The product's pricing becomes an important factor in driving sales.