(a) Illustrate in diagram form the phases of the product life cycle.
Question
(b) A local cosmetics importer is currently reviewing the strategies employed in the marketing of a portfolio of cosmetics products that are in different stages of the product life cycle. What are the key aspects of the 4Ps (product, pricing, place and promotion) that the importer needs to contemplate at each stage of the lifecycle? Explain and illustrate your answer with examples.
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