Product Lifecycle

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  • Product Lifecycle
    • What is product life cycle?
      • The life cycle is linked to the cash flow of the business during the life of the product
        • Different Stages of the product life cycle.
          • Development and Introduction- The firm spends money on research and promotion, but sales of the product are usually low. The business will expect to make a loss during these stages.
          • Growth And Maturity- The business will hope to earn enough money to pay back their initial investments and make a profit.
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          • Decline-The firm will probably spend less money supporting the product, as sales fall, it will begin to make a loss.

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