Define the various stages of the product life cycle

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Reference no: EM133588469

Assignment:

In a way, products are like people. They are born, they live, and they die. Every product progresses through a product life-cycle, a series of stages in which its sales revenue and profit increase, reach a peak, and then decline. Below are six products in various stages of the product life cycle.

List and define the various stages of the product life cycle, according to the textbook.

Identify the appropriate stage of the product life-cycle for each of the six products listed below. Remember, you must look at how the products are selling and being utilized in the general marketplace (not just your opinion or preference).

3-D Televisions
Desktop Computers
Smartphones
VCRs
Hybrid vehicles
Digital Cameras

Provide support for your answers and clearly explain WHY you chose the stage for each product.

Reference no: EM133588469

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