profitability and customer requirements. Determine whether the statement is
TRUE OR FALSE. Write TRUE if the statement is correct and write FALSE if
otherwise.

1. Prototyping serves to provide specifications for a real, working system rather than a
researching

2. A lot of investment companies like this aspect because it makes revenue more predictable
and allows a company to grow much faster.

3. In the growth stage, the product has been accepted by customers, and companies are
striving to increase market share.

4. The decline stage of the product life cycle is associated with decreasing revenue due to
market saturation, high competition, and changing customer needs

5. It's not possible to provide examples of various products to illustrate the different stages
of the product life cycle more clearly​