What is product life cycle and how to excuted?

Question

Accepted Answer

Product life cycle refers to the stages a product goes through from introduction to decline.

Product life cycle consists of four stages: introduction, growth, maturity, and decline.
During the introduction stage, the product is launched and market awareness is created.
In the growth stage, sales and profits increase as the product gains market acceptance.
The maturity stage is characterized by stable sales and intense competition.
Finally, in the decline stage, sales decline due to changing market trends or obsolescence.
Execution of product life cycle involves strategic planning, marketing, and continuous product improvement.
Companies may use various strategies like product diversification, market expansion, or product innovation to extend the product life cycle.
For example, Apple regularly introduces new versions of the iPhone to extend its product life cycle.

Accepted Answer

Not productlife cycles any a the problems vash and produced Euvug costumer dipend

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