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What is a product life cycle and how does the life cycle affect the market strategy of the product? Discuss the different ways prices are

  • What is a product life cycle and how does the life cycle affect the market strategy of the product? Discuss the different ways prices are set for new products.
  • Research a product or idea from a company such as Microsoft, Google, or Apple that failed during the steps of new product development. What step/stage did it fail? Why?

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