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What is the advantages and disadvantages of the product life cycle?
Wiki User
∙ 12y ago
birth
youngster
per adult
adult
old adult
death
is that good for you?
Wiki User
∙ 12y ago
Advantages of product life cycle include helping companies anticipate market trends, plan for product development, and maximize profitability through strategic marketing strategies. Disadvantages can include the challenge of accurately predicting stages, managing changing consumer demands, and the potential for shorter product life spans in rapidly evolving industries.
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