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Products, like insects or diseases, go through predictable stages or phases. Understanding where your key products are in their life cycle can help you more strategically price products. It can also help you understand when it's time to eliminate a product. After all, it's so easy to add an SKU but when do you let one go? Bridget talks about this fundamental marketing concept to help you get a better idea of which products are generating profit for your company.
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Products, like insects or diseases, go through predictable stages or phases. Understanding where your key products are in their life cycle can help you more strategically price products. It can also help you understand when it's time to eliminate a product. After all, it's so easy to add an SKU but when do you let one go? Bridget talks about this fundamental marketing concept to help you get a better idea of which products are generating profit for your company.