Product Life-Cycle Model Overview The ware stack be follow as goods, services or both; in the roundwhat other words its anything that satisfies customer need. Each product has its deliver limited invigoration, however it shares the same aspect and we desexualise the termination that the product goes through as the Product life hertz. The Product life cycle consist of quaternion stages firsting from introduction stage, growth stage, maturity stage and sink stage. At the introduction stage, the product is not popular and cant really make a lot of profit. Its marketing exist may be high in recount to sample a market and set up a statistical distribution channel.
At the growth stage, the product start making a profit, the sales extend rapidly with some cost on marketing especially brand building. Competitors write down the market, often in large number depending on how winsome 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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