GK
MARKETING MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Introduction
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Growth
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Maturity & Decline
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All of the above
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Detailed explanation-1: -As mentioned earlier, it includes four stages-introduction, growth, maturity, and decline. A PLC enables brands to create strategies to sustain a product’s longevity or adapt to the dynamic market condition.
Detailed explanation-2: -A product life cycle consists of four stages: introduction, growth, maturity, and decline. A lot of products continue to remain in a prolonged maturity state. However, eventually, in every product life cycle, the product eventually phases out from the market.
Detailed explanation-3: -Product management life cycle in seven main stages: Idea generation and management, research and analytics, planning, prototyping, validation, delivery, and finally, launch.
Detailed explanation-4: -The life cycle of a product is broken into four stages-introduction, growth, maturity, and decline.
Detailed explanation-5: -Define the task. Define the inputs and outputs. Develop a logical sequence of operation. Develop the PLC program. Test the program. 12-Jul-2015