3. Imagine that you are the owner of "Talking Masks Company" which produces special cards with amusing messages printed on for birthday, engagement and wedding parties. You have realized that your sales have been suddenly increased and you got an enormous population among customers. You have also realized that other companies have been established which produce similar products of yours. Please write down your company's status according to Product Life Cycle (PLC) and please list which marketing types, pricing strategies, promotional activities in order to handle the competition in the market. (10p)