In a well-constructed initial response utilizing the knowledge you gained from the initial readings as well as your own research/experiences to answer the following questions.

First: Read and research the different product life cycle stages.

Then: Choose one of the following products:popcorn; fast food restaurant chain; newspaper; music CD’s; paper stationary; or select your own

that is either in the maturity or decline stage of its life cycle, then answer the following:

1. Describe the four stages of the product life cycle using your chosen product.
2. What are some strategies for extending your chosen product’s life cycle?

Post at least 150 words as your initial response.