Maturity Phase of the Product Life Cycle
Maturity is the peak, the highest point of the Product Life Cycle. It's when the product reaches its maximum potential and sales stabilize. Once the summit is reached, it is no longer possible to grow, but the company can act to avoid significant setbacks.Which should be most important stage in product life cycle & Why?
The most important thing is to get your product known, and then you can focus on making money at a later time. The Growth stage is where the market share of your product starts to grow. Often at this stage a large amount of money is spent on sales efforts and marketing.Apr 14, 2020
What is the importance of the product life cycle?
The product life-cycle is an important tool for marketers, management and designers alike. It specifies four individual stages of a product's life and offers guidance for developing strategies to make the best use of those stages and promote the overall success of the product in the marketplace.Sep 20, 2016
Which of the following stage of product life cycle is most expensive?
Introduction The introduction stage
Introduction. The introduction stage is often preceded by a research and development stage. For the purposes of the product life cycle stages, we will start from when the product is first introduced to the marketplace. This stage is by far the most expensive stage in a product's life cycle.Aug 17, 2018
Which stage of a product's life cycle is least profitable?
Decline Stage
Decline Stage: The decline stage of the product life cycle is the terminal stage where sales drop and production is ultimately halted. Profitability will fall, eventually to the point where it is no longer profitable to produce, and production will stop.
What is stages of product life cycle?
A product life cycle is the length of time from a product first being introduced to consumers until it is removed from the market. A product's life cycle is usually broken down into four stages; introduction, growth, maturity, and decline.
What are the stages of the product life cycle quizlet?
Four stages that product goes through in the market place: introduction, growth, maturity, and decline.
Which of the following stage of product life cycle is most expensive Mcq?
Introduction Stage
The product life cycle has 4 very clearly defined stages, each with its own characteristics that mean different things for businesses that are trying to manage the life cycle of their particular products. Introduction Stage: This stage of the cycle could be the most expensive for a company launching a new product.
Is the 2nd stage in product life cycle Mcq?
__________ is the process of, creating a new product, which is to be sold bya business or enterprise to its customers.
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| Q. | __________ is the 2nd stage in Product Life Cycle. |
|---|---|
| B. | maturity |
| C. | growth |
| D. | decline |
| Answer» c. growth | |
What are the five stages of product life cycle?
The product life cycle is the progression of a product through 5 distinct stages—development, introduction, growth, maturity, and decline.
Which stage of the product life cycle should focus on getting the product into the market as soon as possible?
In the introduction stage, for example, your marketing efforts will likely be focused on building brand and product awareness, as well as establishing and connecting with a target market.
Which of the following stages of the product life cycle is the most difficult one for marketers?
Which of the following stages of the product life cycle is the most difficult one for marketers: c. Maturity. A software manufacturer may sell an entire "suite" of software programs for one price during the maturity stage.
In which stage of the product life cycle is persuasive advertising most often used?
Persuasive advertising attempts to increase demand for an existing product. Persuasive advertising is a competitive type of promotion suited to the growth stage and the early part of the maturity stage of the product life cycle.