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.
Counterclaim. In civil procedure, a party's claim is a counterclaim if the defending party has previously made a claim against the claiming party. Examples of counterclaims include: âAfter a bank has sued a customer for an unpaid debt, the customer counterclaims against the bank for fraud in procuring the debt. The court will sort out the different claims in one lawsuit. âTwo cars collide.