Particular product in the product lifecycle

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Companies do not market all of their products in the same way. Instead, they tailor their marketing decisions based on the stage of any particular product in the product lifecycle. Those stages are introductory, growth, maturity, and decline. For each stage of the product lifecycle, list three product categories you believe are in that stage, i.e. driverless cars are in the introductory stage. (This example can not be used as one of your categories!) Once you have your list, discuss your thoughts related to effective strategies for dealing with the competitive environment. This should include deciding in which markets to compete and how to allocate resources to win those markets.

Reference no: EM133280025

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