Post by account_disabled on Dec 24, 2023 4:59:12 GMT
The moment of providing the service , but not in the production of the product. Perhaps this is one of the reasons why it is difficult to customize a product, but extremely easy to offer a personalized service. Product life cycle What is different about a videocassette and a DVD? You will probably say that they are two electronic devices used in different times. That's real, but you can also analyze this question based on marketing and the Product element in marketing. A video cassette is a device that emerged a few decades ago to give us the opportunity to watch movies and watch recordings. The DVD appeared on the market a few years ago to replace the previous device.
Logically, other newer alternatives have already appeared, but we took this Special Data example so that you understand that products have cycles. When one device finishes its cycle, another begins the journey. The life cycle is the period of existence of a product from the moment it emerges to the moment it declines. Now we will explain the stages of the product life cycle: . Introduction This constitutes the initial stage of the product life cycle . The moment in which the product is disseminated to the market can also be considered. This stage is characterized by low volume in production and sales. . Growth After the previous stage, it is time to start consolidating in the market.
Also known as the market acceptance period, it is the stage where competition arises . Maturity This period is characterized by low growth in sales , profit remains more stable or reduces. The drop in profits may be because the company is investing to protect the product from competition. . Decline This stage begins when the product begins to lose market share . As a consequence, sales and profits begin to decrease. It is essential that people who work or are interested in marketing are clear about the need to correctly plan and organize a market mix. Apart from that, it is relevant to consider the product as the element that defines the offer.
Logically, other newer alternatives have already appeared, but we took this Special Data example so that you understand that products have cycles. When one device finishes its cycle, another begins the journey. The life cycle is the period of existence of a product from the moment it emerges to the moment it declines. Now we will explain the stages of the product life cycle: . Introduction This constitutes the initial stage of the product life cycle . The moment in which the product is disseminated to the market can also be considered. This stage is characterized by low volume in production and sales. . Growth After the previous stage, it is time to start consolidating in the market.
Also known as the market acceptance period, it is the stage where competition arises . Maturity This period is characterized by low growth in sales , profit remains more stable or reduces. The drop in profits may be because the company is investing to protect the product from competition. . Decline This stage begins when the product begins to lose market share . As a consequence, sales and profits begin to decrease. It is essential that people who work or are interested in marketing are clear about the need to correctly plan and organize a market mix. Apart from that, it is relevant to consider the product as the element that defines the offer.