GK
MARKETING MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The Product Life Cycle
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The Business Cycle
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The Advertising Cycle
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The Industrial Cycle
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Detailed explanation-1: -A product life cycle is the amount of time a product goes from being introduced into the market until it’s taken off the shelves. There are four stages in a product’s life cycle-introduction, growth, maturity, and decline.
Detailed explanation-2: -Every business goes through four phases of a life cycle: startup, growth, maturity and renewal/rebirth or decline. Understanding what phase you are in can make a huge difference in the strategic planning and operations of your business.
Detailed explanation-3: -Introduction. Once a product has been developed, it begins the introduction stage of the PLC. Growth. During the growth stage, consumers start taking to the product and buying it. Maturity. Decline. 29-Oct-2021