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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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