Holographic projectors are currently in the Development Stage of the Product Life Cycle (PLC - Exhibit 8.7A) getting ready to launch and enter the Introductory Stage

1. Describe the key characteristics of each stage of the PLC that HP will move through. (Describe in terms of sales, profits, typical consumers, competition and the 4 P's.)
2. List and describe the factors that influence the adoption of new innovations and describe what HP manufacturers could do to speed up adoption of the technology.

Consider using a format similar to the table below in crafting your response. Introduction Growth Maturity Decline