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The concept of the product life cycle (PLC) is one of major tools used in developing marketing strategy. This theory is more and more popular in recent years, because many marketers desire for a tool to help them understand the product's development which means all products have their own life time as they eventually decline and disappear. Based on that understanding of the product, the marketers can adapt their marketing strategy and find a new product to replace the dying one. According to Brassington and Pettitt (2003), the PLC concept explains the life of a product in terms of birth, growth, maturity, decline and eventual death which is based on the assumption that the product has a life like a human. During its life, the product goes through different stages, and in each stage it has different performance in the market which includes different market growth rates and different competitive...

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