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Identify the stage in Product Life Cycle displayed in the following situations. DON’T WRITE MULTIPLE ANSWERS.
(a) Johnsons is a newly formed organization that specializes in preparing healthy food for children under the age of 10. It is incurring huge production costs, nonexistent profits, and slow sales growth. (b) A dance academy in Hyderabad teaches Western Dance classes. It is experiencing an increase in student admissions, which is leading to substantial improvement in profits.
(c) An academy in Bangalore teaches music classes. After a spurt in growth and a few successful years, the school is experiencing a slowdown in sales and stability in its profits due to an increase in competition.
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