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Only Buziness

Stealth • 2d

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 , Mainly this helps a marketer and founder to understand about the preferences of the market The Product Life Cycle (PLC) has four stages: 1. Introduction: Product is launched, sales are low, and costs are high. 2. Growth: Sales increase, profits grow, and competition rises. 3. Maturity: Sales peak, market saturates, and competition intensifies. 4. Decline: Sales drop, profits shrink, and the product may be discontinued. It helps businesses plan marketing, pricing, and production strategies. If you want to know more please visit Onlybuziness.in

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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 ma

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Astrophile

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SARPV • 24d

Life changes often. Each cycle comes with unique pain and joy. Hold on a little longer because life is always moving forward to new stages. Astrophile

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Bappa Dittya Saha

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Anonymous

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India being a huge market place has increase in market competition very rapidly So according to you which type of businesses can gain high profits in 2024 ? Please give your POVs

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Ayush Maurya

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What's the easiest and the free way for you to do the market research or competition analysis for your product before launching it ? Or you just launch it anyhow without much planning ?

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Sameer Patel

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Business Terms TAM stands for Total Addressable Market, a key metric in business. It estimates the total revenue possible by selling your product to everyone in the market who could potentially benefit from it.Businesses use TAM to gauge market size,

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