Examlex
A contract is formed when two parties promise to perform a future act.
Product Price
The amount of money required to purchase a product, determined by factors like cost of production, market demand, and competition.
Product Life Cycle
A theory that describes the stages a product goes through from its introduction to the market to its decline and eventual withdrawal.
Maturity
The stage in a product's lifecycle where growth slows down, and sales stabilize or start to decline.
Service
A provision of intangible benefits or assistance, such as consulting, maintenance, or support, to satisfy consumer needs.
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