The merchandise daily life cycle (PLC) is often a Instrument employed by marketing professionals to gauge the progress of a product, especially associated with sales or income accrued eventually. The PLC is based on several key assumptions, such as:
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Shopper orientation: A firm in the market financial state can endure by generating goods that individuals are eager and in the position to acquire. Consequently, ascertaining shopper need is significant to get a organization's potential viability as well as existence for a going worry.
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