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4 Stages Of The Product Life Cycle

The majority of marketing activities within a health care organization revolve around the marketing of services. Service marketing tends to present different challenges than marketing a product. A product is tangible and services are intangible. The Product Life Cycle has four phases. Please help me identify and describe each phase and provide a example from an healthcare organization. Based on the stage in the product life cycle, identify the implications for the marketing plans in this organization?

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The four stages of The Product Life Cycle are:

Introduction, Growth, Maturity, and Decline.a

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