Advances in information processing and communication are two ways has made the globalization of markets a reality.

Advances in information processing and communication are two ways and Transportation has made the globalization of markets a reality.

Explanation:

The technological change in the world has resulted in Globalization. Globalization made the world shrink based on the three factors.

Information processing advancement, communication, and transportation. Actually, information processing technologies these days are too faster. That, in turn,  resulted in instantaneous and enhanced communication.

Also, transportation plays another major role in Globalization which is achieved by air and sea transportation. The improved sea and air transportation have accelerated the flow of goods and people throughout the world.

These factors connected the world in every term such as culture, economy, trading, employment, etc.

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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the time from initial research and development to the time at which sales and support of the product to customers are withdrawn. 3) the period of time during which a product can be produced and marketed profitably.

                                          hope it