Marketing Project

PRODUCT LIFE CYCLE

Every output has a ill-tempered conduct span, which is called the product life rhythm method. The length of time a product is on the market is largely upon its competition, technology and even the savvy of a companys selling department. One of the surmount ways of extending a products life cycle is to continuously trace feedback from consumers, finding out what they need and want from a particular product.
After a company develops a product and tests its viability among consumers, the product is usually introduced to the market. This first part of a products existence is called the ingress stage.



A company is usually trying to build both advertising and brand aw beness of the product in the establishment stage
The product life cycle indicates that products have four things in common: (1) they have a limited lifespan; (2) their gross sales pass through a number of distinct stages, for each one of which has different characteristics, challenges, and opportunities; (3) their profits are not static exclusively increase and decrease through these stages; and (4) the financial, human resource, manufacturing, marketing and clear strategies that products require at each stage in the life cycle varies Whilst there is a common pattern to a products life cycle, which is bell shaped in nature, this pattern does set forth depending on the specific characteristics of a given product. These life cycle patterns are illustrated and discussed in the subsequent section. Each stage is counted were marketers are combining

Every product undergoes a Product vivification Cycle. Product life cycle consists of four stages, introductory stage, evolution stage, maturity stage and decline stage. Each stage has its bear characteristics regarding marketing objective, competition, product, bell, promotion and place. The introduction stage is the one where the marketing objective is to gain awareness. There is no competition and price is set to penetrate the market. Promotion plays an educational role,...If you want to get a full essay, order it on our website: Orderessay



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