Explain the product life cycle concept what are the stages, Other Subject

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Explain the product life cycle concept what are the stages

Describe the answer of the given questions

Question 1- Explain the product life cycle concept. What are the stages of the product life cycle? Why is understand how your product fits in the product life cycle important to companies?

Question 2- What is a service? What are the important characteristics of services that make them different from goods? Provide examples of some services?

I want experts help to explain the product life cycle concept.

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