the product in maturity stage can be bisleri & pepsi for specific product
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.
in what stage of nike life cycle is this product ?
the productivity stage is the riskiest stage
Growth stage
A company can introduce new product when its existing product is at declining stage
The Nintendo Wii is currently in the Maturity stage. Although sales are declining profits are still positive. Nintendo announced that its new console is going to come out later this year.
NOKIA was very good at its introduction stage but now it is declining day by day because samsung is trying to capture its market and samsung mobiles are cheaper compared with nokia so customers are switching on to samsung and Nokia is coming to a declining stage.
The unwanted situation means the company declining stage, inflation of the particular product, the company lose the market for without facing the competition etc.,
The maturity stage in the product life cycle is when sales peak and growth stabilizes. Competition intensifies, and companies may focus on product differentiation or cost reduction to maintain market share. It is characterized by market saturation and declining profit margins.
because nokia is in maturity but not decline
research and development departments may make product modifications to meet the changing needs of consumers, distribution becomes selective again, and advertising becomes competitive
Stage 3 because of the declining death rate and the major increase in medical technology
A corporation can avoid sliding into the declining stage by continually innovating and adapting to changing market conditions, actively seeking feedback from customers, investing in research and development, diversifying its product offerings, and staying agile to respond to competition effectively. Additionally, fostering a culture of continuous improvement and encouraging employee creativity can help prevent decline.
the product in maturity stage can be bisleri & pepsi for specific product
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.
alternative