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Business, 15.07.2019 21:30 1074885

During the introduction stage of the product life cycle, promotional expenditures are made to stimulate consumer desire for an entire product class rather than for a specific brand. the consumer desire that is stimulated is referred to as demand. during the growth stage of the product life cycle, promotional expenditures are made to stimulate consumer desire for a specific brand due to increased competition. the consumer desire that is stimulated is referred to as demand.

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