Product life cycle Stages

User Generated

njngref34

Business Finance

Description

In a well-constructed initial response utilizing the knowledge you gained from the initial readings as well as your own research/experiences to answer the following questions.

First: Read and research the different product life cycle stages.


Then: Choose one of the following products:popcorn; fast food restaurant chain; newspaper; music CD’s; paper stationary; or select your own

that is either in the maturity or decline stage of its life cycle, then answer the following:

  1. Describe the four stages of the product life cycle using your chosen product.
  2. What are some strategies for extending your chosen product's life cycle?

Post at least 150 words as your initial response.

User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.

Explanation & Answer

Attached.

Running head: PRODUCT LIFE CYCLE STAGES

Product Life Cycle Stages
Name
Institution

1

PRODUCT LIFECYCLE STAGES

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Product Life Cycle Stages
Stages of a life cycle are four in number. Currently, the newspapers are in the decline
stages. The first stage is the introduction stage where the new product: newspapers were
launched by the company and had a small market share, and therefore the sales were lo...


Anonymous
Excellent resource! Really helped me get the gist of things.

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