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  1. business
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  3. examine the product life cycles for your chosen tw

Examine the product life cycles for your chosen two products relative to how it affects the...

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General Management

  • Examine the product life cycles for your chosen two productsrelative to how it affects the company’s marketing strategies
  • How would your suggestion be different for the two companies'brand managers about making decisions on price, advertising, anddistribution channels?

Answer & Explanation Solved by verified expert
4.1 Ratings (809 Votes)
Usually from the development of a product to its decline in value and eventual retirement from the market the product suffers four stages which is called as product life cycleThe four stages are introduction growth maturity and decline Various marketing strategies may be implemented in order to prolong the life cycle during each stage Growth phase ExampleTesla Model S car is in its growth phase Electric cars still need to convince    See Answer
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