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All products go through a series of phases called the

Question - All products go through a series of phases called the product life cycle. The product life cycle has a direct impact on a company's cash flows.

1. Summarize the four phases (in order of their occurrence) in the product life cycle.

2. For each of the four phases, explain the impact of the cycle on a company's cash flow.

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Accounting Basics: All products go through a series of phases called the

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Accounting Basics: All products go through a series of phases called the

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