Define And Discuss The Product Life Cycle And How This Might Affect Our New Product Development Planning In 350 400 Words

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Define and discuss the product life cycle and how this might affect our new product development planning. 350-400 words.

In your own words how would you explain a product’s life cycle? As you reflect on the cycle, select a product you personally use and explain how the life cycle affects the development of a new (revised) version of the product for a different market segment and why?

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