essay. For the essay you are to ensure you write it in the MS Word and make sure it is 2 pages 1.5 spaced, 12 point Times New Roman and uploaded to this drop box on Canvas. Essay Question: You are to write an essay on the following: "With respect to the product decision, managers must be able to accept risk and tolerate failure." Why is this is a necessary hazard in making new product decisions, given all the powerful tools and carefully built systems that support that decision. In addition to this Is it possible for a product's life cycle stage to affect its product strategy? In particular, describe how one product in growth and another in maturity might have different product strategies. (24 Marks)