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.
â¢ COUNTERCLAIM (noun). The noun COUNTERCLAIM has 1 sense: 1. a claim filed in opposition to another claim in a legal action. Familiarity information: COUNTERCLAIM used as a noun is very rare. â¢ COUNTERCLAIM (verb). The verb COUNTERCLAIM has 1 sense: 1. set up a claim in opposition to a previous claim. Familiarity information: COUNTERCLAIM used as a verb is very rare.