An extension strategy is usually introduced between the maturity and saturation stages of the product life cycle, before a real decline takes place . The aim is to continue to maintain a steady rate of revenue from a product.
Read moreWhat are the 5 stages of PLC?
The product life cycle is the length of time from when a product is introduced to the consumer market up until it declines or is no longer being sold. This cycle can be broken up into different stages, including—development, introduction, growth, maturity, saturation, and decline .
Read moreWhat are the 4 stages of PLC?
A product’s life cycle is usually broken down into four stages; introduction, growth, maturity, and decline .
Read moreWhat is PLC and its stages?
A product life cycle is the amount of time a product goes from being introduced into the market until it’s taken off the shelves. There are four stages in a product’s life cycle—introduction, growth, maturity, and decline .
Read moreWhat is PLM example?
Most products that are developed go through some sort of life cycle management. Examples would be products such as cars, computers, heavy equipment, aircrafts, etc. Product life cycle management, or PLM, is seen in product that have a long develop time or long life span .
Read moreWhat is PLM strategy explain?
PLM, in the most basic terms, enables end to end management and tracking of all product related processes that start from inception, design, development, and quality management out to manufacturing and service maintenance .
Read moreWhat are the 5 stages of product life cycle?
The product life cycle is the length of time from when a product is introduced to the consumer market up until it declines or is no longer being sold. This cycle can be broken up into different stages, including—development, introduction, growth, maturity, saturation, and decline .
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