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Which of the following statements best describes how the product life cycle concept has evolved in the 21st century? It has remained stagnant and unchanging.

Which of the following statements best describes how the product life cycle concept has evolved in the 21st century? It has remained stagnant and unchanging. It has been completely replaced by new models. It now includes a fifth stage called the "Resurgence" stage. It has adapted to account for variations in the life cycle stages and changing business dynamics

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