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.
The definition of a counterclaim is a claim made to rebut accusations against you. If you are sued for breaching a contract and you, in turn, also file suit against the plaintiff and claim thathe was really the one who breached the contract, your claim against the original plaintiff is an example of a counterclaim.