Learning is key to s... • 1y
Hey guys yesterday we learnt about Product now let's learn about product life cycle.There are main 4 stages INTRODUCTION,GROWTH,MATURITY,DECLINE. Let's learn about these 4 stages. 1.INTRODUCTION- In this stage the product is just launched into the market,And identifies its market/PMF.It is the initial stage hence sales are very low but marketing is done on its peak for awareness 2.GROWTH- In this stage the the product experiences rapid sales growth as more consumers adopt it. Market acceptance increases, leading to expanding market share and higher profits. 3.MATURITY-In the maturity stage, sales stabilize as the market becomes saturated and competition intensifies. Companies focus on maintaining market share through pricing strategies, product improvements, and marketing efforts to retain loyal customers. 4.Decline-In this stage the sales & pr decline due to changes in tech,Consumer behaviour,etc. These are 4 major stages in PLC Follow me for this type of content! And upgrade urself
Business enthusiasti... • 6m
Have you ever listened about product saturation or maturity stage of the product ? little bit confused by this term , right! . Product life cycle means the stages which a product goes through from the launch to eventually removed out of the market ,
See MoreDaily Learnings... • 5m
Today I will be writing about the Product Development Lifecycle There are 5 stages of the Product Development Lifecyle: 1) Development 2) Introduction 3) Growth 4) Maturity 5) Decline Development: Earlier, it was considered that development only in
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BCG Growth Matrix is a framework for analyzing a company's product portfolio. There are 4 quadrants, each of which represents a particular product or business, the vertical axis represents market growth (cash generation) and the horizontal axis repr
See More🚀 Entrepreneur | Re... • 3m
🚀 Competitive Life Cycle 🔬 Innovation – The stage where new ideas, products, or services are developed. Teams brainstorm, experiment and bring something unique to the market. 📈 Growth – Demand increases and businesses expand. Scaling up operatio
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