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प्रश्न
Choose the correct sequence of the Product Life Cycle.
विकल्प
Introduction > Growth > Maturity > Decline > Abandonment
Introduction > Maturity > Growth > Decline > Abandonment
Introduction > Growth > Maturity > Abandonment > Decline
Introduction > Maturity > Growth > Abandonment > Decline
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उत्तर
Introduction > Growth > Maturity > Decline > Abandonment
Explanation:
- Introduction: The product is launched into the market. Sales are typically slow as the market is not yet aware of the product.
- Growth: Sales begin to increase rapidly as the product gains market acceptance.
- Maturity: Sales growth slows as the product reaches peak market penetration and competition intensifies.
- Decline: Sales and profits begin to fall as the market becomes saturated or as newer, better products enter the market.
- Abandonment: The product is eventually phased out or discontinued.
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संबंधित प्रश्न
Which stage of Product Life Cycle has a greater emphasis on customer service?
Justify the following sentence for or against and give a reason:
Product differentiation is the main aim of branding.
Which stage of the product life cycle is marked by falling costs and rising revenues?
Which feature is pertaining to Introduction stage of PLC?
What happens to a product in the decline stage of its life cycle?
Explain the first two stages of product life cycle.
Explain the maturity stage of the product life cycle.
Explain the strategies to be adopted during the introduction stage of Product Life Cycle.
Explain the second and third stage of product life cycle.
What is the product life cycle?
