Examlex
What are the three phases in the Maturity stage of the product life cycle?
Revamped Products
Products that have been modified, updated, or improved with new features, designs, or packaging to enhance appeal and meet evolving customer demands.
Risk
The exposure to potential loss or adverse outcomes as the result of uncertainty in decision-making or future events.
Test Marketing
The process of introducing a new product to a limited market to gather feedback and evaluate its performance before a full-scale launch.
Geographically Limited
Refers to products or services whose availability or relevance is restricted to a specific geographical area.
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