The product life cycle is an important concept in operations and marketing. It describes the stages a
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Question:
The product life cycle is an important concept in operations and marketing. It describes the stages a product goes through from when it was first thought of until it finally is removed from the market. Not all products reach this final stage. Some continue to grow and others rise and fall. Discuss the four (4) stages in a product life cycle and identify the operations strategy and issues at each of these stages.
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