What is meant by version of application package program ?

What is meant by version of application package program ?
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Package software manufacturers regularly launch new versions of package software in the market by checking the needs of the buyers. This is called a version of the application package program. Such as: MS Office 97 , 2000 , 2003 , XP , 2006 etc. Versions of the package program are released to survive the competition , meet customer demand, and succeed commercially.
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