Product Life Cycle

Question 1

What is the product life cycle?

Answer 1

-introduction, evolution, growth, maturity, decline, extension, replacement.

Question 2

What is the design introduction stage of the product life cycle?

Answer 2

Where a product is launched into a consumer market

Question 3

What is the evolution stage of the product life cycle?

Answer 3

-The product is publicised and marketed to try and kickstart sales off

Question 4

What is the growth stage of the product life cycle?

Answer 4

Once the product is on the market it is expected that the product would grow as consumers seek to replace older models or buy new products.

Question 5

What is the maturity stage of the product life cycle?

Answer 5

-eventually, the sales of the product peak as a product is perceived as desirable, companies try to ensure that this stage as long as possible

Question 6

What is the decline stage of the product life cycle?

Answer 6

-sales eventually diminish as most interested, customers have probably really brought product

Question 7

What is the extension stage of the product life cycle?

Answer 7

-The product is tweaked or ordered, so the maturity stage is increased