Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Utility of the product life cycle
1. As forecasting tool: the study of product life cycle is an important tool for sales forecasting its study foretells that problems and prospects, which will be faced by e product in, time to come.
2. As a planning tool: the study of product life cycle is an important tool in the hands of planners. This study reveals the marketing strategies and policies of competitions. It also reveals the effect of their policies and strategies upon sales and product of the enterprise. On the basis of this arrangement marketing manager of the enterprise can prepare his marketing plan.
3. As a control tool: the study of the product life cycle helps in controlling the marketing activities of an enterprise also. With the help of this study the marketing manager can make necessary arrangements to make the product available according to the demand.
4. Developments of the new products: the study of the product life cycle is very helpful in the development of a new product and in the improvements of the existing products. This study studies the chance taking place in the needs, habits, tastes and attributes of consumers, keeping in view these changes, necessary decisions may be taken for the improvement of the existing products and developments of new products.
1. Use any tool of the promotion mix tools to promote and sell your new product “Diet cupcakes”. Specify the tools and the reason for selecting it. 2. Screen the communication o
Q. Support Media used in advertisement? Support Media: - Message is legible, brief written in bold letters attractive, eye-catching and it must depict the brand name. It has
What is Growth Stage of Product Life Cycle? Growth Stage: A period of quick market acceptance of product and substantial profit enhancement also. Throughout this stage pr
Buying decision making process: Marketers have to go beyond the various influences on buyers and develop an understanding of how consumers actually make their buying decisio
concepts of core market?
does the marketing exits solely to increase the profits
Influence of environment: 1. Opportunity: an event in the environment that may be favourable to a company may be suitably exploited by it for the overall benefit of the
What is Introductory Stage of Product Life Cycle? Introductory Stage: An era of new product launch and its period depends upon product’s rate penetration by concerned mar
You are the Marketing Manager of a supermarket chain of ABC. The sales have gone down for several months. When you looked into the matter, you have found out some reasons, among th
Discuss about the product line simplification. In certain circumstances, a company may accept the strategy of slimming or contracting the product mix this may do so by abandoni
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd