Why is the product lifecycle a vital concept? For each of the stages, list two products that fall into that stage. Explain your answer.

Running Head: MARKETING MANAGEMENT                        1
MARKETING MANAGEMENT                                3
MARKETING MANAGEMENT
Table of Contents
Introduction    3
First Heading of the Assignment    3
First Subheading of This Main Heading    3
Second Subheading of This Main Heading    3
Second Heading of the Assignment and so on…    3
Conclusion    3
References    4
Product Lifecycle
It helps to address the opportunities and challenges which on the way during different stages of product lifecycle. The cost to enter the market and promote the product can be reduced (Subramoniam, Sundin, Subramoniam & Huisingh, 2021).The distribution channels can be optimised to increase their efficiency and higher returns can be generated through...