Product Life Cycle
BY: ELIJAH WASHINGTON
This is the most important stage in the product life cycle. Most of the product life cycle products that fail, fail in this stage. public awareness is very important to the success of a product. There are two ways u can introduce your product which are penetration strategy or a skimming strategy.
This is the stage were your product start to grow. In this stage a lot of money is spent on advertising. There are a lot of ways to advertise your product including tv, radio, billboards, and ETC.
This is the third stage of the product life cycle and the most easiest stage. This is were sales grow at a very fast rate. Also this is were gradually begins to stabilize.
This is the last stage in the cycle and the worst one. This is when your sells begin to come down.