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Product Life Cycle
The sequence of stages that a product moves through, starting from its introduction, advancing to growth, reaching maturity, and finally declining in the market.
Growth Stage
A phase in the product life cycle characterized by rapid market expansion, increased sales, and the successful establishment of a product in the market.
Sales Increases
A rise in the volume or value of products or services sold, reflecting positive growth for a business.
LED Lightbulbs
Energy-efficient lighting options that use light-emitting diodes to produce light, known for their longevity and lower energy consumption compared to traditional bulbs.
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