Product Life-Cycle Model Overview The crossway set up be specialize as goods, services or both; in the approximately other words its anything that satisfies customer need. Each product has its deliver limited support, however it shares the same aspect and we limit the termination that the product goes through as the Product life hertz. The Product life cycle consist of quadruple stages initiateing from introduction stage, growth stage, maturity stage and counterbalance 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 establish to sample a market and set up a statistical distribution channel.
At the growth stage, the product start making a profit, the sales amplification rapidly with around cost on marketing especially brand building. Competitors put in the market, often in large number depending on how amiable the market is. When a profit starts to decline, its the sign of maturity date stage. At maturity stage, the sales continue to increase bu...
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