Reminder advertising is used for products that have entered the mature stage of the product life cycle.
maturity and decline stage
>stage of the product life cycle >nature of the product >advertising budget >nature of the target market
in what stage of nike life cycle is this product ?
Marketing strategies should be tailored to the specific stage of the Product Life Cycle (PLC), which includes introduction, growth, maturity, and decline. During the introduction phase, strategies focus on building awareness and interest, often through informative advertising. In the growth stage, marketing efforts shift toward increasing market share and differentiating the product. As the product reaches maturity, strategies may include promotions and discounts to maintain sales, while in the decline stage, companies may consider reducing marketing spend or repositioning the product to extend its life.
Reminder advertising is used for products that have entered the mature stage of the product life cycle.
maturity and decline stage
Advertising budgets are typically highest for a particular product during the introduction stage and gradually decline as the product matures.
>stage of the product life cycle >nature of the product >advertising budget >nature of the target market
in what stage of nike life cycle is this product ?
Objectives of MIS· How is the market currently allocated? · Which are the competitors product offer to hold share in the market? · Pros and cons of this product · Customer set of each of these products · Money spent in advertising · In what stage of the product life cycle in each product Objectives of MIS · How is the market currently allocated? · Which are the competitors product offer to hold share in the market? · Pros and cons of this product · Customer set of each of these products · Money spent in advertising · In what stage of the product life cycle in each product
Growth stage
Marketing
Maturity stage.
maturity stage
the productivity stage is the riskiest stage
Answer this question… Marketing