Advertisements
Advertisements
प्रश्न
Explain the abandonment stage of the product life cycle.
Advertisements
उत्तर
- Most firms shift their attention to other products, gradually phasing out the declining product. They abandon the product in order to make better use of their resources.
- Preferences of consumers may change and new innovations enter the market to take the place of the abandoned products.
- Some firms try to postpone abandonment by introducing new models with unique features. In case of heavy losses and no future, the firm may sell out and merge with a stronger enterprise.
APPEARS IN
संबंधित प्रश्न
Which stage of Product Life Cycle has a greater emphasis on customer service?
In which stage of product life cycle, the company takes decision whether to maintain, harvest or drop the product?
Which stage of the Product Life Cycle is characterised by saturation in the market?
AB Visions Ltd. want to introduce a new variety of reading glasses where the vision can be adjusted according to the user's requirement. Explain the first two stages in the life cycle of this product.
What happens to a product in the decline stage of its life cycle?
Mention the various 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.
What is the product life cycle?
"Introduction Stage in a product life cycle is not very risky." Justify either or against.
