Give an example of a product that has undergone the four phases of the productlife cycle and has achieved stability.
Give an example of a product that has undergone the four phases of the productlife cycle and has achieved stability.
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Question
Give an example of a product that has undergone the four phases of the product
life cycle and has achieved stability.
Expert Solution
Step 1
After a product reaches the market, it enters into the product life cycle. This cycle has four stages: introduction, growth, maturity, and decline. Profit margins are usually small in the introductory phase, reach a peak at the growth phase, and then decline.
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