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1. profits? What are the four stages in the product life cycle? How do they differ in terms of sales and 2. How do

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1. profits? What are the four stages in the product life cycle? How do they differ in terms of sales and 2. How do high-learning and low-learning products differ? 3. What is the shape of the product life cycle for a smartphone in today's marketplace? 4. What approaches can be used to extend a product's life cycle? 5. Describe the three types of product innovations and explain which ones are most common.

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