What Is Product Life Cycle?

Answer

Product life cycle is a stage wherein the course of a product concerning its sales and its profits as it goes through its life time. It has 4 stages namely: Introduction, Growth, Maturity, and Decline. However, a product life cycle changes wherein some fail and some stay.
Q&A Related to "What Is Product Life Cycle"
The product life cycle (PLC) is used in marketing analysis to identify the different stages of sales of a particular product. These are the stages of the PLC: Introduction, Growth
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the life cycle begins when a developed country, having a new product to satisfy consumer needs, wants to exploit its technology break-through by by selling abroad. Later it shifts
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The introduction phase is the launch of the product to consumers. Profit and sales are not a large concern at this stage of the product life cycle and the focus lies more on product
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If you smoke, cigarettes are usually consumed throughout the lifecycle. If not, then they aren't part of it at all. That said, cigarettes are commodities and differentiate on a small
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The life cycle of a product tracks its birth into the marketplace, until the product is not longer profitable in the marketplace. Throughout the life cycle, changes ...
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