There are four stages in a product’s life cycle—introduction, growth, maturity, and decline.
Read moreWhat are product life cycle extension strategies?
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 is life cycle and example?
A life cycle ends when an organism dies. In general, plants and animals go through three basic stages in their life cycles, starting as a fertilized egg or seed, developing into an immature juvenile, and then finally transforming into an adult .
Read moreWhat is the product life cycle of Coca Cola?
Coca Cola – PLC The product life cycle was introduced in the 1950’s. It was used to explain the typical life cycle of a product from the time of its inception to its demise. The product life cycle is divided into four phases; these are product introduction, growth, maturity and decline .
Read moreWhat is meant by product life cycle explain its concepts with examples?
The term product life cycle refers to the length of time a product is introduced to consumers into the market until it’s removed from the shelves . The life cycle of a product is broken into four stages—introduction, growth, maturity, and decline.
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