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What are the advantages and disadvantages of the product life cycle theory?
Wiki User
∙ 9y ago
The intended advantage of product life cycle theory is to maximize the profitability of the product. A few disadvantages are that sometimes products can see a revival in sales which the theory does not take into account. In addition, the theory doesn't take into account product redesign potential.
Wiki User
∙ 9y ago
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What are advantages and disadvantages of product life cycle?
What are advantages and disadvantages of product life cycle?In: http://wiki.answers.com/Q/FAQ/1866[Edit categories]The product life cycle is all estimated so anything can go wrong as it is all estimated. A product life cycle is not very helpful for future events and it suggets that all products are predictable. It is usually very dificult to attribute a timescale to the PLC and it does not always recognise life cycles are getting shorter.by Yousaf
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What are advantages and disadvantages of product life cycle?
What are advantages and disadvantages of product life cycle?In: http://wiki.answers.com/Q/FAQ/1866[Edit categories]The product life cycle is all estimated so anything can go wrong as it is all estimated. A product life cycle is not very helpful for future events and it suggets that all products are predictable. It is usually very dificult to attribute a timescale to the PLC and it does not always recognise life cycles are getting shorter.by Yousaf
What are the advantages and disadvantages of a traditional system life cycle?
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What is the advantages and disadvantages of the product life cycle?
Advantages of product life cycle include helping companies anticipate market trends, plan for product development, and maximize profitability through strategic marketing strategies. Disadvantages can include the challenge of accurately predicting stages, managing changing consumer demands, and the potential for shorter product life spans in rapidly evolving industries.
When was product life cycle theory started?
me
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Is there any recent international trade theory?
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Advantages of product life cycle?
Product life cycle is important because through this company exactly known about each stage of the product that at where stage how many products are available and how much are in process.
What are the advantages of the traditional life cycle?
The advantages of traditional life cycle are mainly focused on maximizing profitability of a product. Having a product go through several stages of development and test marketing can help to predict whether the product has enough money making potential to invest in promotion and mass marketing.
