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Sagot :
In the introduction salt age of the industry life cycle, the prime go of the marketing function is to growth and decline.
According to the commercial characteristics that are frequently observed in each stage, the term "industry life cycle" depicts how an industry or corporation develops through four stages. Industries are founded when new products are developed, but it is unclear how big the market will be, what the products will look like, and who the main competitors will be. The advancement of a company or industry based on its stages of growth and decline is known as the industry life cycle. Consolidation and failure cut down an established industry as it grows, while the remaining rivals lower expenses as expansion slows and demand eventually wanes.
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