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Company A launchs a product. The product enjoys steep sales growth during the launch phase which lasts 6 months and then that growth stabilizes at

Company A launchs a product. The product enjoys steep sales growth during the launch phase which lasts 6 months and then that growth stabilizes at the high level that it reached during the launch phase for another 18 months. With increasing compettive rivalry, the product's sales decline for another 6 months before it is finally phased out by Company A. The time that Company A is able to generate economic returns from the product is
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