What are stock and flow variables? Classify the following as stock/flow variables: grocery store inventory, grocery sales, shareholders' wealth, shareholders' income, cash in hand, and income from employment

Justify each classification.

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1) the stages a new product goes through from beginning to end, i.e., the stages that a product passes through from introduction through growth, maturity, and decline. 2) the time from initial research and development to the time at which sales and support of the product to customers are withdrawn. 3) the period of time during which a product can be produced and marketed profitably.

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