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The following are all major stages of a product life cycle except _____.

  • The following are all major stages of a product life cycle except Sales decline.
  • The product life cycle typically consists of four stages: Introduction, Growth, Maturity, and Decline.
  • The Introduction stage is characterized by low sales and high costs as the product is introduced to the market.
  • The Growth stage is characterized by rapidly increasing sales and profits.
  • The Maturity stage is characterized by slower sales growth and lower profit margins as the market becomes saturated and competition increases.
  • The Decline stage is characterized by declining sales and profits as the product becomes obsolete or is replaced by new products. So, Sales decline is not a stage of a product life cycle.