M un momework Saved Wury Lover Bruwe Lyre, Le PES OU EVER USES, PULO, O LUPETTE, Peon, OR EVEN WELRY The product life cycle defines the stages that new products move through as they enter, are established in, and ultimately leave marketplace. In their life cycles, products pass through four stages: Introduction, growth, maturity, and decline. The product lifecy offers a useful tool for managers to analyze the types of strategies that may be required over the life of their products. Even the strategic emphasis of a firm and its marketing mix (4Ps) Strategies can be adapted from insights about the characteristics of each of the cycle. 3 00-20:59 Read each statement and categorize it by the market attributes and consumer types that characterize each product fe cycle stage. Place each item in the correct box on the chart Low sales Niche segment Market Attribute Consumer Types Francine Introduction stage Low sales Sylvie Growth stage Opportunities increase Maturity stage Intense competition Decline stage Winnie Next