What is the product life cycle? How does a products life cycle stage affect its marketing strategy?
Question:
What is the product life cycle? How does a product’s life cycle stage affect its marketing strategy?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (14 reviews)
Product life cycle refers to the life of a product in the marketplace Like people products are born ...View the full answer
Answered By
Parvesh Kumar
I am an experienced Mathematics and Statistics tutor with 10 years of experience teaching students and working professionals. I love teaching students who are passionate to learn subjects or wants to understand any mathematics and statistics concept at graduation or master’s level. I have worked with thousands of students in my teaching career. I have helped students deal with difficult topics and subjects like Calculus, Algebra, Discrete Mathematics, Complex analysis, Graph theory, Hypothesis testing, Probability, Statistical Inference and more. After learning from me, students have found Mathematics and Statistics not dull but a fun subject. I can handle almost all curriculum of mathematics. I did B.Sc (mathematics), M.Sc (mathematics), M.Tech (IT) and am also Gate (CS) qualified. I have worked in various college and school and also provided online tutoring to American and Canadian students. I look forward to discussing with you and make learning a meaningful and purposeful
5.00+
4+ Reviews
10+ Question Solved
Related Book For
Business A Changing World
ISBN: 978-1259179396
10th edition
Authors: O. C. Ferrell, Geoffrey Hirt, Linda Ferrell
Question Posted:
Students also viewed these Business questions
-
What is the product life cycle? How does it impact pricing decisions?
-
What is the product life cycle, and how does it differ from product diffusion?
-
What is the Product Life Cycle (PLC)? Describe the characteristics of each stage of the PLC in terms of sales, profits, typical consumers, competition, and 4Ps strategies.
-
During the year ended 30 June 20X5, Gem Stone Ltd acquired two areas of interest Site A and Site B. The exploration and evaluation activities at Site A amounted to $64454401. The costs relate to the...
-
Hordichuk Painting Service Company was organized on January 20, 2014, by three individuals, each receiving 5,000 shares from the new company. The following is a schedule of the cumulative account...
-
Obihiro Ltd. has the following information related to its inventory of embroidered baseball caps: purchase price, 45,000,000; import duties, 375,000; interest costs on inventory loan, 520,000; and...
-
Jumping to Japan. After spending a week in London you get an email from your friend in Japan. He can get you a very good deal on a plane ticket and wants you to meet him in Osaka next week to...
-
The condensed financial statements of Murawski Company for the years 2014 and 2015 are presented shown below. (Amounts in thousands.) Compute the following ratios for 2015 and 2014. (a) Current...
-
Alphabet Inc. invests $2 billion in a project that generates annual profits of $400 million. The project's useful life is 15 years, and there is no salvage value. Required: Calculate the average...
-
Viola Holloway and Renee Forrow are the sole equal shareholders in the corporation of Holloway And Forrow Enterprises, Inc. The Ilolloway And Eomow Enterprises, Inc. owns the following depreciable...
-
A small single-stage rocket is launched vertically as shown in the following figure. Once launched, the rocket consumes its fuel, and so its total mass m(t) varies with time t > 0. If it is assumed...
-
Which marketing mix variable is the most flexible? Why?
-
What are the two primary approaches to macroeconomics?
-
In those brain-busting moments, you might think there's no way a career in STEM (science, technology, engineering, and math) would be the right fit for you. But some experts say you don't have to be...
-
Image transcription text SECTION A A1. Consider the SCARA robot shown in Figure A1. (a) Assign the coordinate frames using the Denavit-Hartenberg (D-H) algorithms provided. [25%] (b) Fill out the D-H...
-
Consider the process below: P- 65 psig PT 20 P2= 50 psig h(t) SP Yes PIC 20 PY 20 N P3 = 45 psig 1. Define the type of each variable. 2. Assume you were asked to model this process (excluding the...
-
You need to accumulate $10,000. To do so, you plan to make deposits of $1,400 per year - with the first payment being made a year from today - into a bank account that pays 7% annual interest. Your...
-
A construction company is considering acquiring a new earthmover. The purchase price is $112,000, and an additional $26,000 is required to modify the equipment for special use by the company. The...
-
What is GDP, and why is it a useful measure? What are the most important components of GDP in the U.S. economy today?
-
Consider the circuit of Fig. 7.97. Find v0 (t) if i(0) = 2 A and v(t) = 0. 1 3 ett)
-
What does the degree of brand familiarity imply about previous and future promotion efforts? How does the degree of brand familiarity affect the Place and Price variables?
-
You operate a small hardware store with emphasis on manufacturer brands and have barely been breaking even. Evaluate the proposal of a large wholesaler that offers a full line of dealer-branded...
-
Give an example where packaging costs probably ( a ) lower total distribution costs and ( b ) raise total distribution costs.
-
ZZZ Inc. plans to sell it's business and has used capitalization of earnings as a valuation method. with a stable cash flows of P2Million for the last 5 years. Forecast shows that similar level of...
-
The December 31, 20X1, physical inventory of Snowville Company appropriately included $6,300 of merchandise purchased on account that was not recorded in purchases until January 20X2. What effect...
-
Please notice that each line item has a respective section for Debit and Credit. If found appropriate, please ensure they are filled out. You do not have to give a thorough explanation; however,...
Study smarter with the SolutionInn App