Product Life Cycle
Do U Notice Expiry dates ever ?
Every Products have birth & death like us.
Medicines,Stationary goods,Technological gadgets etc !
If you buy any Chocolates,just have a look on its coverJ
U Know Y? there U can see the manufactured & expiring
date of that.
So,a product has Life as well as Death.
We can divide the different stages of a Product in to 4simply
like humans,Our Birth,Growth,Maturity,Death.
The 4 stages are :
Introduction:. Product is taken in to the market.Marketing
is very important at thos stage.
Growth:This stage decided Profit/Loss.
Maturity: Establishment of a Product as a brand.
Decline:Product is taken back from the market.
Just think about Windows Versions.
We all are familiar with Windows XP, Windows Vista,Windows 7,Windows
8.
Can U order this 4 on the basis of the above stages,
So What it will be?
Introduction(Windows 8)
Growth(Windows 7)
Maturity(Windows Vista )
Decline(Windows XP)
A simple example about spectrum:
Introduction(4 G)
Growth(3 G)
Maturity(2 G)
Decline(1 G)
Hope U understand the Idea Product
life Cycle.Put down Ur Suggestions,Criticisms !!
Have a Nice Day Dear <3
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