The document discusses the product life cycle which describes the stages a product goes through from development to decline in the market. It outlines the five phases of the product life cyc…
The document discusses the product life cycle which describes the stages a product goes through from development to decline in the market. It outlines the five phases of the product life cycle as product development, introduction/launch, growth, maturity, and decline. For each phase, it describes the typical characteristics related to sales, costs, profits, and marketing objectives. Finally, it notes that strategies should be based on the current phase in the product life cycle.
The document discusses the product life cycle which describes the stages a product goes through from development to decline in the market. It outlines the five phases of the product life cyc…