Product Life Cycle

By: Ashleigh Brown

Description:

The evolution of a product/service on the market. The different stages of the product life cycle include; introduction, growth, maturity, and decline.


Decline:

  • Sales fall.
  • Profits are low.
  • Very little spent on promotion, and strategies such as altering, discounting, selling, are considered.


To Wrap Things Up:

Product Life Cycle are different stages in the market business. There are four stages which are; introduction, growth, maturity, and decline. Each stage plays a big role with each other.


About Us:

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