Product Lifecycle Flashcards

1
Q

What are the stages of product lifecycle

A

Development

Introduction
Growth
Maturity
Decline

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

What is stage development

A

Product is being tested and designed

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

What is stage introduction

A

Product has just been launched customers are buying and trying the product sales increase

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Stage growth

A

Product is more popular customers will buy it again
Increase sales

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

Stage maturity

A

Anyone who wanted to try the product have no new customers
Decline sales

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

Stage decline

A

No new customers and repeated customers are reducing

How well did you know this?
1
Not at all
2
3
4
5
Perfectly