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.
Etymology: L, contra, against, clamere, to cry out. (in law) a claim made by a defendant establishing a cause for action in his or her favor against a plaintiff. The purpose of a counterclaim is to oppose or detract from a plaintiff's claim or complaint.