Question
Pick any product from any company (just not one used as an example in the text for product life cycle) - and tell us where
Pick any product from any company (just not one used as an example in the text for product life cycle) - and tell us where the product is inthe product life cycle. When you select Introduction, Growth, Maturity or Decline be sure to support your answer by elaborating on the characteristics described in the text. Be sure to cite the source of any data you use to supportyour argument. PLEASE DO NOT SELECT A PRODUCT THAT IS ALL BUT DEAD - SUCH AS TYPEWRITERS OR VCRS ETC. You should select a product that is still being actively sold.
So as an an example: Student A might post:
Ronzoni Gluten Free Pasta is in theIntroduction stage. Consumer awareness of the gluten free pasta line is still low and there are few gluten free pasta competitors. One in seven new pastas introduced in 2016 were gluten free according to theMintelGlobal New Products Database. Gluten free food sales are expected to reach$7.6 billion in the U.S. by 2020 (Arcadia 2018).I think the Ronzonigluten free pasta will be successful because unlike most other gluten-free pastas Ronzoni'sgluten free is made from a blend of four grains: white rice, brown rice, corn and quinoa. The Ronzonigluten free is also competitively priced, selling onAmazon for $0.30 an ounce versus $0.47 an ounce of Ronzoni'sregular pasta. I think the lower price per ounce could be considered part of the heavy promotion Ronzoniis doing in the earlystages, in order to capture attention and market share. The company website also provides recipes and coupons. The pasta has wide distribution, which is not typical of new products, because it is part of the Ronzonifamily of brands which are sold everywhere. However, the gluten free variety is available in fewer pasta shapes than the classic line.
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