Incorporate a product strategy – The product life cycle

Generate a minimum 700-word product strategy in Microsoft® Word.Incorporate a product strategy that addresses the following: At least three areas of the product life cycle (NPI-new product introduction, growth, maturityand decline). How you will measure (what metrics will be used to determine success or failure) themarketing activities. Create at least two different types of media methods for the products. One media methodmust be a print method and one must be non-print. A media method is a media strategywhich highlights your product. For example, (this cannot be used in this assignment), a nonprint media method would be a Facebook campaign that provides a user a reward for eachreview, positive or negative, posted about the use/appearance/price/etc. of the product. Inyour assignment, you should have 2-3 sentences about each media method (i.e. oneparagraph of what you would do, not how to do it). Address three elements of the Product and Promotion List (see below).o Product and Promotion List: Integrated Marketing Communication Advertising Strategy/Objectives Push and Pull Media Strategy Advertising Execution Direct Marketing Public Relations/Strategies Positioning The plan will be a continuation of your global or multi-regional company you chose in Week 1. Thiswill be incorporated into your overall marketing plan for Week 6.Note: Charts/graphs/tables do not count toward the word count.Cite a minimum of three peer-reviewed references.