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What is the product life cycle of a add gel pen?

The product life cycle of an Add Gel pen typically consists of four stages: introduction, growth, maturity, and decline. During the introduction stage, the pen is launched into the market, and sales start to grow as consumers become aware of the product. In the growth stage, sales increase rapidly as the pen gains popularity and market share. The maturity stage is characterized by stable sales and intense competition, while the decline stage sees a decrease in sales as newer, more innovative products enter the market, leading to the eventual discontinuation of the Add Gel pen.


Why did Bic make the ball point pens?

Bic introduced ballpoint pens in the 1950s to offer a reliable, convenient, and affordable writing instrument. The design featured a simple, disposable pen that utilized a ball-bearing mechanism to ensure smooth ink flow without the risk of smudging. This innovation catered to the growing demand for efficient writing tools in both personal and professional settings, ultimately leading to widespread popularity and accessibility. Bic's focus on practicality and cost-effectiveness helped solidify its position in the stationery market.


What is a promotional product?

HI dear, nice information about the branded promotional product. For starters, custom branded promotional products have been used and are still being used by businesses as one of the most appropriate publicity tools. These custom branded items make it easy for people to remember your brand and product name. This is because most items are used on a daily basis so it becomes easy for a person to remember the name of the product, like a pen for example. To most businesses, this is an appropriate way to maximize sales while at the same time minimizing advertising costs. A few days ago I have purchased bulk amount of Fidget Spinner for my shop from Sunday Promotion which is the leading promotional gift product, online suppliers. Thanks for sharing.


What is a Marketing research problem?

Nice question! Marketing Research Problem is a situation where your company intends to sell a product or service that fills a specific gap, or intended use.... To ensure there will be a market for the product, your company hires a special team of experts to perform demographic analysis, opportunity-cost assessment for production, distribution and marketing - and locates special focus groups to test the use of your cool product under very specific conditions - as a product of it's design.... All for not, because once your research found that the product is absolutely perfect... and the investment is made to launch it... You find that the general public never took notice..... Because your wonder-pen, that could write upside-down, and in the vacuume of space - for $39.99 - was passed-over in favor of a 12 cent lead pencil...


What is the vision statement of Parker pen?

low cost and affordable pens