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.
This proverb was said by benjamin franklin and it means when you do something in hurry you are never going to do it properly. This Aphorism means that if you try to do something quickly, without planning it, you're likely to end up spending more time, money, etc, doing it.