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Can you explain the product life cycle from its introduction to its decline with examples?
Wiki User
∙ 9y ago
A product's life cycle (PLC) includes development of the product, growth of the product, maturity of the product, saturation of the product, and decline of the product. A good example of a consumer product that has gone through these phases is the compact disc for music. Developed in the 70s and early 80s, it was introduced to consumer markets in the mid-80s. It's popularity continued to grow through the 90s until it seemed the only way to deliver music. It reached saturation by the early 2000s, and started declining rapidly in the last decade due to the rise of new technologies like music downloads and streaming music services.
Wiki User
∙ 9y ago
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Which type of product has equally rapid introduction and decline stages of the product life cycle?
unknowe
Which of the follwing illustrates the span of a product life cycle?
c introduction, growth, maturity, decline
What is the product life cycle of lux soap?
It tells about the introduction stage till the decline stage
What are the main stages of the product lifecycle?
There are four main stages of a product life cycle. After the product is developed there is the introduction stage, the growth stage, the maturity stage and the final stage is the decline.
4 Stages in the Product Life Cycle?
The 4 stages in the product life cycle are: 1. Introduction 2. Growth 3. Maturity 4. Decline In that exact order. However keep in mind that each specific product can be in a different PLC stage in different countries/markets over the world.
Which type of product has equally rapid introduction and decline stages of the product life cycle?
unknowe
What are the four sectors of a product's life cycle?
introduction, growth, maturity, and decline.
What is the product life cycle of lux soap?
It tells about the introduction stage till the decline stage
Which of the follwing illustrates the span of a product life cycle?
c introduction, growth, maturity, decline
How do faddish products differ from normal consumer goods?
Their special product life cycle of quick, dramatic sales and a sharp, drastic decline differs from the five stage product life cycle concept of product development, introduction, growth, maturity, and decline.
What are the main stages of the product lifecycle?
There are four main stages of a product life cycle. After the product is developed there is the introduction stage, the growth stage, the maturity stage and the final stage is the decline.
During what stage of the product life cycle is the advertising budget typically the highest?
Advertising budgets are typically highest for a particular product during the introduction stage and gradually decline as the product matures.
Explain the new product introduction strategy of DOCOMO mobile services?
When DOCOMO mobile services are revving up for a new product introduction, they like to do presentations on that product. This allows them to show off their product while also getting publicity for their product at the same time.
Product life cycle of Reynolds pens?
The product life cycle of Reynolds pens consists of the introduction stage, growth stage, maturity stage, and decline stage. In the introduction stage, the pens are launched into the market. During the growth stage, sales and awareness of the pens increase. The maturity stage is characterized by stable sales, and in the decline stage, sales start to decrease as the product becomes outdated or faces competition from newer products.
What is continental's product lifecycle?
Continental, a German automotive supplier, produces a wide range of automotive products including tires, brakes, powertrains, and electronics. Its product lifecycle typically consists of four stages: introduction, growth, maturity, and decline. During the introduction stage, the product is developed and launched. In the growth stage, sales and demand increase. The maturity stage is characterized by stable sales until the decline stage, where sales start to decrease.
What consumer products are in the introduction stage of the Product Life Cycle as of right now?
which product is in its introduction stage?
4 Stages in the Product Life Cycle?
The 4 stages in the product life cycle are: 1. Introduction 2. Growth 3. Maturity 4. Decline In that exact order. However keep in mind that each specific product can be in a different PLC stage in different countries/markets over the world.
