The product life cycle provides pertinent information about the competitive dynamics of the product in the market. When it comes to the product life cycle, you think about the following: Products have a limited duration. Profits go up and down in the stages of the product life cycle. Products require marketing, manufacturing, and purchasing strategies in the stages of the product life cycle. Instructions Select one (1) product from a recognized company. Find information about the product and discuss how the company has managed the product life cycle (PLC) over the years. Identify the product and what stage of the life cycle it is in. What marketing mix strategies would management have to use to prevent the product from entering the decline stage?