As stated above, the product life cycle consists of four stages: introduction, growth, maturity, and decline. Figure A illustrates the product life cycle. Determination of a product's stage in its life cycle is not based on age, but on the relationship of sales, costs, profits, and number of competitors.
Proclaim is defined as to announce or declare. An example of to proclaim is to announce that a fight is over. 1  to announce officially; announce to be.
What is STATEMENT? In a general sense, an allegation; a declaration of matters of fact. The term has come to be used of a variety of formal narratives of facts, required by law in various jurisdictions as the foundation of judicial or official proceedings.