Freeze Power Inc. is a company that manufactures refrigerators and cold$-$storage appliances for both residential and commercial use. Its products range from large fridges and freezers for restaurants and other industrial needs, to stylish, high$-$end appliances for luxury homes. The company has been extremely successful in the $25$ years it has been in business. During its first two decades of operation, the company saw annual sales growth of $20\%-30\%.$ But in the past five years sales growth has been about $3\%-5\%$ per year.

a$)$ Freeze Power's products are in which stage of the Product Life Cycle? Explain why. $(2$ points$)$

b$)$ Identify three marketing$-$related advantages or disadvantages for a company like Freeze Power when it is in the stage you selected? $(3$ points$)$