Aug 04, 2017

What are two examples of products that you think are currently in each of the product life-cycle stages?

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Product Life Cycle

INSTRUCTIONS:
What are two examples of products that you think are currently in each of the product life-cycle stages? Consider services as well as physical goods. Justify why you chose that product or service for that life-cycle stage. --Your response should be at least 300 words in length. You are required to use at least your textbook as source material for your response. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations.
CONTENT:
Product Life CycleName:Instruction:Date:The product life cycle is a vital tool for the management in the decision making process, typically there are numerous stages throughout the sales history of products and services. In essence, products and services go through introduction, growth, maturity and decline, with each stage having with a different challenge or opportunity (Kahn, 2001). Firms formulate marketing strategies that are appropriate to different stages.In the introduction stage, products and services have not been fully acc...

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