Product Life Cycle( apart from cash flow)

Question 1

What is the development stage of a product’s life cycle?

Answer 1

It is the first stage

Where research, development and market research takes place.

Question 2

What is the launch stage of a product’s life cycle?

Answer 2

Second stage.

When the product is released. Loads of advertisement and promotion takes place here.

Question 3

What is the growth stage of a product’s life cycle?

Answer 3

Third stage.

Sales and profits increase until maturity

Question 4

What is the maturity stage of a product’s life cycle?

Answer 4

Fourth stage
Sales are at its peak.
Promotion isn’t important

Question 5

What is the saturation stage of a product’s life cycle?

Answer 5

Fifth stage
End of the maturity phase. The market becomes saturated.
Design and pricing alterations are made to increase sales.

Question 6

What is the decline stage of a product’s life cycle?

Answer 6

Last stage.

Sales start to fall as rival products take over. The product becomes obsolete

Question 7

What are the 6 stages of a product’s life cycle?

Answer 7

Development
Launch
Growth
Maturity 
Saturation
Decline