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What is stage.?briefly describe in detail about stage |
Answer» s about developing a market for the product and building product awareness. Marketing costs are high at this stage, as it is NECESSARY to reach out to potential CUSTOMERS. This is also the stage where INTELLECTUAL property rights protection is OBTAINED. Product pricing may be high to recover costs ASSOCIATED with the development stage of the product life cycle, and funding for this stage is typically through investors or lenders. PLEASE MARK AS BRAINLIESTS |
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