q explain phases of life cycle of a productevery, Managerial Accounting

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q explain phases of life cycle of a productevery

Q. Explain Phases of life cycle of a product?

Every product move through a life cycle having five phases as shown in figure and they are

1) Pricing during introduction

2) Pricing during market growth

3) Pricing in maturity period

4) Pricing under decline stage

5) Pricing under decline stage

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