Explain the product life cycle concept, Marketing Management

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Problem :

a) A Mauritian consumer goods firm is deciding whether to enter the United States market or the Asian market. Show why it should take into account different marketing environment factors when assessing the attractiveness of each market.

b) Explain the product life cycle concept.

c) Using appropriate examples, describe why some products go through lifecycles referred to as:

i. fashions;
ii. styles;
iii. fads.

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