this is a home work assignment that i need help with from my business class - the product i would like to use would be a GOOD - Pack of big league chew bubble gum

1. Identify an existing product and describe its current life cycle stage.
   1. It can be any product on the market. Ideally, it should be something you have some knowledge about or are at least willing to learn about.
2. Using the textbook, describe what product modifications and line extensions are. Can you identify any product modifications or line extensions for the product you chose in #1?
3. Describe the three pricing methods discussed in the textbook.
4. Describe the five pricing strategies discussed in the textbook.