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 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
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.
Product life cycle of dove?
The advantages of the product life cycle concept is that it provides a basic structure that allows you to see where you are, and what lies ahead. R u doing ur ICDM assignment? I may help u..pls contact 0134002000...Mr Lim.
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.
factors affecting product life cycle
in what stage of nike life cycle is this product ?
It's in the maturity stage 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.
The product life cycle represents the amount of revenue a product generates over time, from its inception to the point where it is discontinued. A project life cycle measures the work that goes into a project from beginning to end. The phases in product life cycle are initiation, planning, execution, and closure.
mercantilism, absolute advantages principle, comporative advantages principle, factor proportions theory, international product life cycle, dependency theory.
life cycle of pepsodent paste ..