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Understanding Product Life Cycle

Understanding Product Life Cycle

Marketing

GlobalLinker Staff

GlobalLinker Staff

1 Feb 2016, 10:14 — 1 min read

Product life cycle is the process of managing the entire lifecycle of a product from inception to growth to decline.

 

Understanding and addressing different stages of the product life cycle will help entrepreneurs & business owners keep their products relevant, and the understand reinvention opportunities.

 

On this #EntrepreneurMonday, we explain the important concept of a product life cycle through the video below:

 

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