The product life-cycle is an important tool for marketers, management and designers alike. It specifies four individual stages of a product's life and offers guidance for developing strategies to make the best use of those stages and promote the overall success of the product in the marketplace
The product life cycle helps with planning. Marketing managers can check which stage they're currently in, in terms of the product life cycle and to make the appropriate changes to their marketing strategies. The product life cycle also helps managers avoid the pitfalls of the different stages
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Answer:
The product life-cycle is an important tool for marketers, management and designers alike. It specifies four individual stages of a product's life and offers guidance for developing strategies to make the best use of those stages and promote the overall success of the product in the marketplace
Explanation:
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Answer:
The product life cycle helps with planning. Marketing managers can check which stage they're currently in, in terms of the product life cycle and to make the appropriate changes to their marketing strategies. The product life cycle also helps managers avoid the pitfalls of the different stages
Explanation:
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