Answered: Give an example of a product that has…

Business

Operations Management

Give an example of a product that has undergone the four phases of the productlife cycle and has achieved stability.

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

See similar textbooks

Related questions

Q: Discuss FOUR (4) the reasons for new product failures and explain how a company can minimize these…

A: Each firm requirements new items to support itself on the lookout for an extensive stretch. New…

Q: What major factor determines whether a product is a consumer or a business product?

A: Any tangible or intangible thing that can be bought or sold by any potential buyer or seller is…

Q: Explain Product Life Cycle in detail with help of practical example

A: Introduction Stage: At this introduction stage, it requires more investment in marketing to make…

Q: stage.

A: Talking about the product then, DVD is on the declining phase right now. These are the products…

Q: Which Stage of the Product Lifecycle Would You Describe?

A: The term product life cycle refers to the length of time a product is introduced to consumers into…

Q: describe the key stages of the product lifecycle curve. In what stage of the product lifecycle do…

A: The product life cycle describe the different stages through, which a product goes through. There…

Q: . How does an organization’s product mix relate to itsdevelopment of a product line? When should an…

A: A product mix refers to the quantity of a single product or service, that firm can offer and also;…

Q: describe why it is unique, why you think the components do not contradict themselves and how long…

A: The dove brand is one of the most leading companies across the world and has been able to create an…

Q: Discuss why product extension and refinement are important?

A: Product extension is the strategy of introducing new items in the same product category under the…

Q: Product Life Cycle

A: The need to know what stages of the Product life Cycle its products are in to decide the marketing…

Q: Name and define the stages of the product life cycle.Do all products follow this pattern? Explain.

A: Product life cycle refers to the progression of product juncture at the marketplace. It presents the…

Q: E. From the product mentioned in part A above: Briefly explain the stages of the product life cycle…

A: A product life cycle is the amount of time a product goes from being introduced into the market…

Q: Whom Should a Product Manager Target with New Products? Discuss critically with suitable examples.…

A: Target marketing focuses on defined group of people who are likely the most profitable customers of…

Q: Name and define the four product/market growth strategies in the product/market expansion grid.…

A: Product Market Expansion Grid- A tool utilized to develop growth strategies of business by analyzing…

Q: Discuss all stages in Product Life Cycle and provide a real example of each stage.

A: Product Life Cycle (PLC): This concept was given by economist Raymond Vernon in 1966. The basic idea…

Q: What factors have contributed to the increased emphasis on faster product development and…

A: The main factor that contributes to successful project development are mentioned below. Top…

Q: At what stage of the product life cycle is price competition likely to be the greatest?

A: The maturity stage has the most price competition. Once products are created, they are more…

Q: Give an example of the Product Life Cycle of a product (explain in detail each stage from…

A: To understand the concept of Product Life Cycle, we will take the example of the company Nokia which…

Q: what a product needs advertisment. Is this true of all products? Discuss.

A: In my opinion all products need to be advertised in today's time. The main reason for it is-

Q: How does an industrial product differ from a consumer product? Discuss the types of industrial…

A: An organization is created for fulfilling its objectives by doing the selected business. There are…

Q: Why can an “insignificant point of difference” lead to new-product failure

A: A new product fails in the market for various reasons, including inappropriate timing of the launch,…

Q: Discuss the concept of product life cycles and why management must consider them in its long range…

A: **Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Explain the summary of product life-cycle characteristics?

A: Product Life cycle refers to the total life span of a product or service in the market. This starts…

Q: Briefly describe the key stages of the product lifecycle curve. In what stage of the product…

A: Customers are the people who are going to purchase the goods and services present in the market.…

Q: C. From the product mentioned in part A above: Briefly explain the stages of the product life cycle…

A: Human beings have a life and they go through different stages of their lifecycle, similarly, a…

Q: Four (4) reasons for new product failures and how a company can minimize these failures and increase…

A: Every business makes several strategies to introduce a new product or service to the marketplace but…

Q: Each product has a life cycle marked by different characteristics. The different stages of the…

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

Q: Name the categories into which new products are grouped?

A: Product classification means classifying the products according to the needs of the…

Q: Name and define the four product/market growth strategies in the product/market expansion grid.…

A: Ansoff Matrix is one of the most commonly used strategic tools which was developed in the year 1957…

Q: Which product life-cycle stage, if any, is the most important? Which stage is the riskiest? Which…

A: Product life cycle stage refers to the life span of the product throughout its existence at market…

Q: Discuss the factors that could contribute to the failure of your product. How will you define…

A: Every company will create services and products to solve the problems of consumers. If the product…

Q: 2. Name and describe the five stages of the Product life cycle. Identify a product class, product…

A: Product life cycle management is the method of planning ways to consistently sustain and operate a…

Q: Identify where each of the following products likely lie on a traditional Product Life Cycle.…

A: Product Life cycle refers to the concept in which a product goes through each and every stage of its…

Q: What are the factors that led to the launch of Alto by Maruti Suzuki? What is the role of Alto in…

A: There were certain market factors which lead to the launch of Alto by Maruti Suzuki which were as…

Q: How does knowledge of the product life-cycle relate to the introduction of new products?

A: The term product life cycle refers to the time span a product is introduced to consumers into the…

Q: Why do new products fail

A: The new рrоduсt оr serviсe dоes nоt fit with the сustоmers' рerсeрtiоns оf the соre…

Q: does a product roadmap relate to a product backlog? What could be some of the pitfalls of not…

A: The product roadmap relates to the product backlog in the following way-

Q: How did the development of Special K Peach and Apricot extend the brand still further? 5. What was…

A: As per Bartleby guidelines, we only solve the first question in case multiple questions are asked…

Q: Explain different product levels (Core benefit level, Basic product level, Expected product level,…

A: Ans. There are different products level of a product and those product levels defined the different…

Q: Understand why some products succeed and others fail

A: Product failure is a demotivating factor for many factors as marketers make a lot of effort to…

Q: ake five products/brands,write down the reasons of their failure in detail?

A: Product failures are often a news in the marketing industry. There have been many companies in the…

Question

Give an example of a product that has undergone the four phases of the product
life cycle and has achieved stability.

Expert Solution

Step 1

After a product reaches the market, it enters into the product life cycle. This cycle has four stages: introduction, growth, maturity, and decline. Profit margins are usually small in the introductory phase, reach a peak at the growth phase, and then decline.

Step by step

Solved in 2 steps

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, operations-management and related others by exploring similar questions and additional content below.

Similar questions

Give one example of a particular product for growth stage (from Product Life Cycle) and make an explanation why such product is classified in that particular stage.
Describe.. How does product differentiation contribute to long-term sustainability and market leadership?
What strategies would a firm employ to manage the product roadmap and balance short-term market demands with long-term product vision?
Name and define the four product/market growth strategies in the product/market expansion grid. Provide an example of a company implementing each strategy?
What are some common product strategies used in the growth state for a product's life cycle? How can an organization determine when a product has entered the maturity stage of its life cycle? What are some challenges that organizations may face when trying to revive a product in the decline state of its life cycle?
At which stage of the product life cycle (PLC) that will you find a significantly growing number of product adopters, rapid growth in industry sales, and increases in the significant number of competitors and the number of available product versions? decline early maturity innovation growth introduction
Illustrate the importance of new Products?
Whom Should a Product Manager Target with New Products? Discuss critically with suitable examples. Explain Briefly
Competition in the soft drink industry is intense. Describe a soft drink brand you are familiar with (Coca-Cola, Fanta Orange, 7Up, Mountain Dew, etc.) in terms of the six level meaning a product brand has.