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प्रश्न
How is the product life cycle advantageous?
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उत्तर
- When the product life cycle is known the firm can prepare an effective product plan.
- Management can take advance steps before the decline of the product.
- The maturity stage can be extended by finding new uses of the product.
- Technological innovations can be adopted to improve the quality, features and design of the product.
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संबंधित प्रश्न
Which stage of Product Life Cycle has a greater emphasis on customer service?
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Explain the maturity stage of the product life cycle.
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