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      Question

      The Product Life Cycle (PLC) is a fundamental marketing

      and business strategy concept that describes the various stages a product goes through in its market existence. Which of the following correctly represents the four main stages of the PLC?
      A Introduction – Rapid Growth – Maturity – Decline Correct Answer Incorrect Answer
      B Development – Sales Peak – Saturation – Obsolescence Correct Answer Incorrect Answer
      C Market Entry – Expansion – Market Dominance – Withdrawal Correct Answer Incorrect Answer
      D Research & Development – Launch – Growth – Stagnation Correct Answer Incorrect Answer
      E Prototype – Production – Commercialization – Sales Decline Correct Answer Incorrect Answer

      Solution

      PLC includes the stages: Introduction, Growth, Maturity, and Decline. It helps businesses strategize marketing, pricing, and investment decisions throughout the product's lifecycle.

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