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How do marketers use the product life cycle (PLC)?
Organizational Strategies
Plans or methodologies applied by businesses or institutions to reach goals, optimize performance, and manage resources efficiently.
Efficiency
The ratio of the useful work performed by a machine or in a process to the total energy expended or heat taken in.
Productivity
The measure of efficiency in which goods and services are produced, often evaluated by the output per unit of input.
Employee Assistance Programs
Work-based intervention programs designed to assist employees in resolving personal problems that may affect their job performance, health, and well-being.
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