This is marketing

DETAILS: Product Life Cycle

1. Introduction - It is the stage when the product is launched in the market. The company spends great amount of money to develop and introduce their product to customers 2. Growth - This is the stage when the product gains acceptance in the market, and the profits for the firm or company start to increase 3. Maturity -The product has been in the market for a long period of time and competition has also increased. 4. Decline - This is the stage when the profits and sales for the product continue to decrease

QUESTION: What are the stages in the product life cycle? Cite examples to explain these stages.

Cite an example for each stages