What is the product life cycle why is it important for, Operation Management

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What is the product life cycle why is it important for

What is the product life cycle? Why is it important for marketers to know in which stage their product resides? Give an example of a product which, resides in the Introductory stage, a product example for the Growth stage, a product example for the Maturity stage, and a product example for the Decline stage. Please discuss in 200 words or more.

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Operation Management: What is the product life cycle why is it important for

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