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1. Choose a product with which you're familiar. What stage is your selected product at in product life cycle? Give rationale for your answer. Based upon your knowledge of product life cycle, what types of changes will take place to your selected product as it continues through product life cycle? How will this affect the marketing of your selected product?

2.Select a product or service. Then select three different organizations that provide your selected product or service and compare the prices associated with your selected product or service. What is the difference between the prices among the different organizations? What is the rationale for this difference?

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