The CEO of Dave's firm just came back from a business seminar. He called Dave into his office and stated, "I just found out about the product life cycle curve in a strategy seminar. This is a great tool. I want you to drop whatever you're doing and inventory all of our products to determine exactly where they are in the product life cycle." Dave needs to think fast for a good answer because he knows that

it is often impossible to identify with precision where a product is in the product life cycle.