Explain the stages of the product life cycle, Operation Management

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Explain the stages of the product life cycle

Discussion:

The four major stages of the product life cycle are:

Introduction, Growth, Maturity, and Decline

1. Provide examples (products or services) that illustrate each of these stages (i.e. one product that is in the introduction stage, one product that is in the growth stage, etc.)

2. What suggestions might you make for each company/product/service at this point in time?

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