Tag Archives: life cycle
The Death of a Product
Like everything in life, there is an ending. In the Decline Stage of the product life cycle, eventually sales begin to decline as the market becomes saturated, the product becomes technologically obsolete, or customer tastes change. If the product has … Continue reading
The Seed Becomes a Big Tree
In the Maturity Stage of the product life cycle, your product is at its peak of its life. Cost of the product continues to lower as a result of production volumes increasing and experience increasing efficiency of manufacturer. As more … Continue reading
Sale Growth on the Rise
In the Growth Stage of the product life cycle the market is aware of the product you have introduced. Now sales have the potential to significantly increase and profitability will begin to rise. This is the result of economies of … Continue reading
The Birth of a Product
In the Introduction Stage of the product life cycle, you can expect that the cost of creating and advertising a product will be high; sales and profit will be low. Also in this stage, other manufacturers will wait and see … Continue reading
The Journey of a Product
Have you ever wondered how a product is created? Can you think of a product that was a big hit back in the day but not available now? Some say that a product has a life cycle like Mother Nature. … Continue reading
