Product Life cycle, 4 stages of product life Cycle
product life cycle Introduction Stage This stage involves introducing a new and previously unknown product to buyers Sales are small, the production process is new, and cost Product Life Cycle consists of four stages, introduction, growth, maturity and decline A company frequently experiences higher costs of
Strategies For Expanding Product Lifespan · Add New Features and Services · Revitalize Your Brand Packaging · Identify New Market Segments · Create Bold Maturity Stage Once sales start to level out and product adoption has peaked, you may be entering the maturity stage In this stage, most of your target
The product life cycle is a fundamental concept that maps out the journey of a product from its inception to its eventual exit from the market Maturity Stage Once sales start to level out and product adoption has peaked, you may be entering the maturity stage In this stage, most of your target