Product Life Cycle Flashcards
1
Q
4 aspects of product life cycle
A
Launch
Growth
Maturity
Decline
2
Q
2 aspects of launch of a product
A
Lots of marketing
Advertisement
3
Q
2 aspects of growth
A
Boosting sales of data products
Less promotion needed
4
Q
What is product maturity
A
Product needs to be improved to maximise sales
5
Q
What is the decline of a product
A
Either attempt to boost sales unless there is no need
