What is product life cycle of KFC?

Answer 1

The product life cycle of KFC typically involves several stages: introduction, growth, maturity, and decline. Initially, KFC introduced its unique fried chicken and sides, gaining popularity rapidly during the growth phase. As it reached maturity, KFC expanded its menu and adapted to regional tastes, maintaining its customer base. However, competition and changing consumer preferences can lead to a decline phase, prompting KFC to innovate and refresh its offerings to sustain relevance in the market.