Answered: have to explain the following product…

Principles Of Marketing

17th Edition

ISBN:9780134492513

Author:Kotler, Philip, Armstrong, Gary (gary M.)

Publisher:Kotler, Philip, Armstrong, Gary (gary M.)

Chapter1: Marketing: Creating Customer Value And Engagement

Section: Chapter Questions

Problem 1.1DQ

See similar textbooks

Related questions

Question

have to explain the following product life cycle graph and where is the ani-acne drink is placed.

Transcribed Image Text:Product's life cycle The product is yet to be made and strategically planned. The company needs to test the product then proceed to production and distribution; Then the firm will move to introductory stage by promoting the product using advertisements to convey information Sales and profits ($) Sales ANTI-ACNE DRINK Profits Time to consumers and make them aware. Product development Introduction Growth Maturity Decline Therefore, it is in product development stage which the cost of expense is higher than profit since there is no profit at all in this Losses/ investment ($) Since it is a brand-new product, it is in the "Product Development" stage. stage.

Expert Solution