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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
Justify the following sentence for or against and give a reason:
Product differentiation is the main aim of branding.
The following are all major stages of a product life cycle except ______.
The strategy of selective distribution may be employed during ______ stage of product life cycle.
A high percentage of new products fail during this period of Product Life cycle:
Choose the correct sequence of the Product Life Cycle.
What happens to a product in the decline stage of its life cycle?
You are the Marketing Manager of a fast moving consumer goods (FMCG) company and you find that one of your products, a washing detergent, is in its grown stage. Describe the steps that you would take to increase your sales in this stage.
Explain the strategies to be adopted during the introduction stage of Product Life Cycle.
Explain the strategies to be adopted during the growth stage of the Product Life Cycle.
"Introduction Stage in a product life cycle is not very risky." Justify either or against.
