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Preferred term

product cycle  

Definition

  • One of the more influential theories in economic geography in the mid 20th century was the product cycle, which integrated the supply and demand dimensions of corporate behavior and locations as they changed systematically over time. This view posits an idealized sequence in which goods move from being newly introduced innovations to becoming more widely accepted, until they finally reach a “mature” status. [Source: Encyclopedia of Geography; Product Cycle]

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URI

https://concepts.sagepub.com/social-science/concept/product_cycle

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