Homework answers / question archive /  1)Differentiate between the different characteristics of stages in the product life cycle

 1)Differentiate between the different characteristics of stages in the product life cycle

Finance

Share With

 1)Differentiate between the different characteristics of stages in the product life cycle. Read and decide which stage in the product life cycle. It belongs to. (4 marks) Statement PLC stage 1. The sales start to climb quickly. 2 The company's objective is to maximize profits while defending market share 1 New product features are introduced, and the market is expanding The company looks for ways to increase usage among present customers 5. A basic product is offered 6. The company's objective is to reduce costs and milk the brand 7 The company tries changing characteristics such as quality, features, or style to attract new users Promotion spending is relatively high to inform the customers and get them to try the product