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Component Parts
Individual parts or pieces that are used in the manufacturing of a product, often needing assembly or integration into the final product.
Product Life Cycle
The stages through which a product goes from its inception to decline, including introduction, growth, maturity, and decline.
Introductory Stage
The initial phase of a product or service lifecycle, characterized by low sales, high investment costs, and limited market acceptance.
Growth Stage
The growth stage is the phase in a company's life cycle characterized by rapid market acceptance and increasing profits.
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