MANAGEMENT

Detailed explanation-1: -The introduction phase is the first time customers are introduced to the new product.

Detailed explanation-2: -The first stage in the product life cycle is development. This is where your market research journey begins.

Detailed explanation-3: -Introduction Once a product has been developed, it begins the introduction stage of the PLC. In this stage, the product is released into the market for the first time.

Detailed explanation-4: -Definition: Introduction stage is the first stage in the product life cycle. The highlighting factor of this stage is that the product is new in the market, sales are slow and to push it higher the company has to incur heavy expenditure on advertisement to make it appealing to customers.

Detailed explanation-5: -Introduction stage is when a new product is introduced in the market. The first stage of the product life cycle is called introduction stage. In introduction stage, a product is launched into the market and the consumer uses the product on trial bases.