Product Life Cycle Theoretical Model Happens Sales Profits Product Time Cycle Goes 1introd Q29570308

The Product Life Cycle is a theoretical model of what happens tosales and profits for a product over time. The cycle goes throughthis: 1.Introduction 2.Growth 3.Maturity 4. Decline Question Whatare examples of companies that have gone through this cycle.whatcan a company do to overcome this cycle and how successful havethey been? How effective is psychological pricing?