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Learnppt.com Product life cycle


Product life Cycle 

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A technique described as a "thing designed by work or effort" or the "result of a process". In marketing, it is a factor that can be provided to a market that might meet a want or need. If products is designed successfully and it cannot meet a customer then the item is of no use. So to make products successfully, product life-cycle is provided. Product life-cycle research is the process of tracking the different levels of the item being designed from growth until it is eliminated or completely taken out of amount and put into storage. Companies can use product lifestyle times to enhance value of the item and reduce waste. It takes years to make a life-cycle assessment on products, but it can be useful information when it is gathered.


Product life Cycle 

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The concept of the item life-cycle has become most important to discovering the market. The levels of the life-cycle form a framework that one can use to assess you will and the primary factors that can effect a market area and income. The basic levels of the item life-cycle can be prolonged into a more-comprehensive design that better explains the various places of residing of products in the market. The list below explains the various levels of the prolonged product lifecycle concept.


Product life Cycle 

There are three main levels of products life-cycle starting after the complete study and research of products. They are Introduction – At this stage discovering, creating and then launching the item is done.  Growth – During growth stage income are increasing at their fastest quantity.  Maturity – At this stage income are near their highest possible, but the quantity of growth is decreasing down, e.g. new competitors in market or vividness.  Decline – final stage of the design, when income begin to fall. 


Product life Cycle 

Extension methods are used to increase residing of product life-cycle before it goes into reduce. Again different marketing designs are used to enhance income. Development methods can be done by 

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Advertising – By marketing, audiences attention can be got or highlight the existing audiences about the item. Price decrease – By decreasing cost of the item customers interest can be gained1 Adding value – add new features to the existing product, e.g. video text messaging on mobile phones Explore new market segments – By selling the item to offshore markets New appearance – By modifying old system and making the item system more eye-catching look wise, or simple changes such as putting crisps in metal aluminum foil offers or Seventies music compilations.


Product life Cycle 

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Now a daily for product life-cycle there are different product life-cycle frameworks for different specifications so as to enhance the quality of the item, to reduce the errors and wastefulness and to enhance the advantage of advantage during each stage of product life-cycle. Conclusion: Thus, the item life-cycle is very important as a planning device because the advantage of advantage changes during each stage of the life-cycle. General market styles and market planning over the technique term can be performed successfully using the item life-cycle places as the moment levels. The marketing techniques used will have to be personalized as the item goes through each stage of the design.


Product life cycle