Life cycle of a product

Answer the following:

1. Summarize the life cycle of a product (Introduction, Growth, Maturity, Decline) and explain how the stage of the life cycle impacts price. Give two examples of products where you have seen

2. This introduced you to the topic of Intellectual Property. With advances in technology, many people are resorting to downloading music, movies, and protected works of art without paying the appropriate fees. Does trademark, patent, or copyright infringement really hurt anyone? Why or why not? Explain your position and provide eg.

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