Marketing Discussion question

1. Product life cycle (PLC) consists of 5 stages, including product development. Based on the product/service in the current market, provide examples with actual products/services can be matched in each stage of PLC and the reason why you do think so. Also, discuss what options are available to marketers to regenerate the product that is in the "decline stage."

Note: You can use different specific products/services to provide an example in each stage.

Name and describe the two pricing strategies in launching new products. For each pricing strategy, what kind(s) of strategic condition(s) would be the case to be successful in the market? You need to provide each example.