B. In the following table are different descriptions or characteristics of different stages in the product life cycle. Read each sentence, and decide which stage in the product life cycle it belongs to. (4 marks) Statement 1. The sales start to climb quickly. 2. The company's objective is to maximize profits while defending market share 3. New product features are introduced, and the market is expanding. 4. The company looks for ways to increase usage among present customers. 5. A basic product is offered. 6. The company's objective is to reduce costs and milk the brand. 7. 8. The company tries changing characteristics such as quality, features, or style to attract new users. Promotion spending is relatively high to inform the customers and get them to try the product. PLC stage