Product Life-Cycle Model Overview The crop drop be name as goods, services or both; in the almost other words its anything that satisfies customer need. Each product has its deliver limited life-time, however it shares the same aspect and we sic the termination that the product goes through as the Product life hertz. The Product life cycle consist of quad stages finding from introduction stage, growth stage, maturity stage and make up stage. At the introduction stage, the product is not popular and cant really make a lot of profit. Its merchandise exist may be high in company to sample a market and set up a statistical distribution channel.
At the growth stage, the product start making a profit, the sales join on rapidly with some(prenominal) cost on marketing especially brand building. Competitors go into the market, often in large number depending on how cute the market is. When a profit starts to decline, its the sign of adulthood stage. At maturity stage, the sales continue to increase bu...
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