Product Lifecycle Flashcards
1
Q
What are the stages of product lifecycle
A
Development
Introduction
Growth
Maturity
Decline
2
Q
What is stage development
A
Product is being tested and designed
3
Q
What is stage introduction
A
Product has just been launched customers are buying and trying the product sales increase
4
Q
Stage growth
A
Product is more popular customers will buy it again
Increase sales
5
Q
Stage maturity
A
Anyone who wanted to try the product have no new customers
Decline sales
6
Q
Stage decline
A
No new customers and repeated customers are reducing
