Asap i will upvote Each product has a life cycle marked by different characteristics. The differentstages of the Product Life Cycle require different marketing strategies. In the automotiveindustry, we can find different types of cars such as self-driving cars, electric cars, hybridcars, and diesel cars.а)Outline the difference in sales and profits from the first stage "productdevelopment" to the last “decline" stage of the product life cycle. Categorize the productlife cycle stage of the 4 different types of cars above.b)stage for each model. Describe the characteristics of the stage of its product life cycle andhighlight the marketing strategies used in that stage.Choose any two of the above car types and determine the product life cycle

The product life cycle of the car industry consists of introduction, growth, maturity, and decline.…

Answered: Each product has a life cycle marked by…

Contemporary Marketing

18th Edition

ISBN:9780357033777

Author:Louis E. Boone, David L. Kurtz

Publisher:Louis E. Boone, David L. Kurtz

Chapter12: Developing And Managing Products

Section12.5: Marketing Across The Product Lifecycle

Problem 1LO

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