Strategic frameworks "The Life Cycle"
For example, when a product is bought, it is usually new and in very good condition. In addition, it has the highest value it will ever have during the time it is used for a specific purpose. However, after it is used for some time, it begins to show signs of wear and tear and its value plummets. Ultimately, it becomes virtually useless to the person who purchased it. In this case, the brand new product represents life, the product’s usage represents maturity or adulthood, and its loss of