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as a student why is it important to understand the different stages in product life cycle?

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The product life-cycle is an important tool for marketers, management and designers alike. It specifies four individual stages of a product's life and offers guidance for developing strategies to make the best use of those stages and promote the overall success of the product in the marketplace

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it is important tool for marketers, management and designers alike. it specifies four individual stages of a products life and offers guidance for developing strategies to make the best use of those stages and promote the overall success of the product in the marketplace.

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