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 , 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
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 ma
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
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
See MoreDaily Learnings... • 5m
5C Framework The 5 C's of product management are a framework used to guide product managers in their decision-making processes and strategic planning. They are Customers, Competition, Company, Collaborators, Context. 1]Customers:- Understand the cu
See MoreWe're gonna extinct ... • 11m
99% of Indian entrepreneurs are just focusing on marketing and sales! Manipulating human behaviour to do sales isn't cool! The foundation of great marketing lies in the product. When I pitch to my potential clients I just ask one thing - Do you th
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