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Retail life cycle
The concept of product life cycle is also applicable to retail organizations.
Retail organisations - like the goods and services they sell - pass through identifiable life-cycle stages of innovation, accelerated development, maturity and decline. This is commonly termed as the retail life cycle.
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Business services
- Category: Marketing
- Company:
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- Acronym-Abbreviation:
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