What is good response to the Information below?

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A company can use this life cycle to strategically re-introduce previously popularized fashions and designs with minor changes so that most of the population remembers his/her cherished childhood memories. This involves less investment in R&D and creates a long-lasting relationship with the customers. We can take example of apparels, whose designs are slightly tweaked to give a new look and introduced in the market. Also, old songs which are re-sung by new singers and re-recorded with slight changes to give a new touch to a memorable song. This helps revive old memories and elder generation truly enjoys the experience as it touches their inner childhood memories. In addition to this, the young generation is very welcoming to trends and supports trend generation. Therefore, they too would be A company can be positively affected by trends within the life cycle by adjusting early or in advance to the trends based on forecasts made by experts in the respective fields. Also, they may be able to cash-in on the brand-loyalty factor which exists in the older generation.

On the other hand, innovative methods must be used to lure the younger generation. Also, the changes in the trend is faster than before, thus a company must be more agile to ensure customer satisfaction. Interested in such renewals. A company my implement "lean". Lean management is a method of removal of wasteful activities from processes to improve productivity and overall throughput, reduce costs, defects, time, and raw material. Wastes are of seven types - Transportation, Inventory, Motion, Waiting, over-production, over-processing, and defects. This will improve the internal capabilities of the organization while providing necessary agility to the system. Thus, the company can equip itself to avoid any economical slow down and create a sutainable life cycle ensuring profitability and business growth even in the most adverse conditions.

A company my implement "lean". Lean management is a method of removal of wasteful activities from processes to improve productivity and overall throughput, reduce costs, defects, time, and raw material. Wastes are of seven types - Transportation, Inventory, Motion, Waiting, over-production, over-processing, and defects. This will improve the internal capabilities of the organization while providing necessary agility to the system. Thus, the company can equip itself to avoid any economical slow down and create a sustainable life cycle ensuring profitability and business growth even in the most adverse conditions.