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Rank the capital budgeting tools from best to worst.
Product Life Cycle
The progression of a product through different stages from introduction to growth, maturity, and decline in the market.
Laggard
Term used to describe a person, organization, or entity that is slow to adopt new technologies, practices, or innovations, often resistant to change.
Product Mix
The total range of products that a company offers to its customers, encompassing the diversity and variety of product lines and items available.
Maturity Stage
A phase in the product lifecycle where sales growth slows or levels off, and the product is established in the market.
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