Markting concept Essay Example | Topics and Well Written Essays - 500 words

Markting concept - Essay ExampleThe second represent of product life rhythm is growth. During the growth stage the product gains market acceptance and firms start generating good revenues. The profitability of the company improves during this stage. Since work increases the cost per unit decreases. The sales numbers increase as advertising campaigns target mass media auditory sense instead of specialized marketplaces (Answers). The third stage of the product life cycle is the maturity stage. The maturing stage is a period in which the sales of product slow down because the most potential buyers already purchased the product. controversy increases during this stage and profits tend to go down. The final stage of the product life cycle is the declining stage. During the declining stage products are phased out as new products with greater utility come into the marketplace. During this stage sales flesh out as profits erode. Price wars are common during this stage as competing comp anies want to capture the be market share of the marketplace. A product that recently went through a declining stage was cathode ray video sets. These types of televisions have become obsolete as flat screen LCD television sets have done for(p) down in prices tremendously. The use of the product life cycle has helped me as a customer and it has squeeze my work life.