Product life cycle

Product Life cycle- https://www.tutor2u.net/business/reference/marketing-product-life-cycle

Introduction - Growth - Maturity - Decline 

Before decline, you get saturation which indicates the start of decline. This warns businesses. You can map out and predict your products life cycle.

You can use extension strategies to make it last longer. For example-

• Advertising- reach out to new customers
• Change packaging- make it look new
• Launch into a new market

In each stage you should-

• Introduction- Free samples/products, attend events to do samples, invest in advertising- above the line, mass media, generate publicity, get sponsorship.
• Growth- Use images to compare and show…