What is Product Life Cycle & Stages of Product Life Cycle (Introduction, Growth, Maturity, Decline

[@DigitalELearning]

👀 Hello Friends, 𝐉𝐨𝐢𝐧 my 𝑺𝒐𝒄𝒊𝒂𝒍 𝑴𝒆𝒅𝒊𝒂 𝑳𝒊𝒏𝒌 for regular updates:
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[@sumaiyasana424]

How I pod comes under maturity stage, as it should comes under the decline phase isn't that?

[@drama6486]

Ye notes konsi book se banaye hai??

[@Lathiyaofficial]

Organization life cycle and product life cycle means same one or not?

[@MBindu-kc2nj]

Thank you

[@DigitalELearning]

Thanks 😊

[@cric_h8103]

Nice 👏 keep shining 💫.

[@DigitalELearning]

Thanks Rajesh 😊

[@rajatkohli7141]

Like ur videos....it is very helpful for us...thanx for making it with simple & easy explanation with best examples

[@DigitalELearning]

Thanks Rajat

[@minivijish1836]

Is Theodre Levitt or Raymond vernon developed this concept?

[@DigitalELearning]

@Mini : Raymond is credited for developing this concept

[@chillikamarisandhya4863]

Thanks you

[@DigitalELearning]

Thanks 😊

[@crazeystudiolive4568]

Can u plz explain the withdrawal stage shortly plz

[@DigitalELearning]

All products and services have a certain life span, and when company feels that it is difficult to sustain in market and if they profit is less than manufacturing cost in that case they stop production and withdraws product from market.
I hope this helps.

[@vishnureddy1884]

@@DigitalELearning it also depends on whether it is in long run or short run also known as haunting am I right

[@nimeshikadilrukshi3792]

woow nice explain

[@DigitalELearning]

Thanks 😊 Nimeshika . Glad you like it

[@komalsaluja3923]

Thanks you for sharing

[@DigitalELearning]

Thanks Komal

[@m.sharmiladevi5722]

Please send a video in deravativ

[@DigitalELearning]

Hello Sharmila, Can you please provide more details on what is this deravativ ???

[@ANJUKS-rn6ys]

👌👌

[@DigitalELearning]

Thanks Anju 😊 🙏

[@knowthefact-qx7eg]

good

[@DigitalELearning]

Thanks Mithilesh

[@ntcuong01ct1]

Dear Friends,
I have many questions about product life cycle:
1/ New product introduction stage: The market is not yet available, the basic purchasing power is not high, running continuous campaigns + promotions, gross profit margin is only 1-3% and it can be less than 0.
2/ The Growth stage: The market has accepted the product and continues to grow in terms of market share, at this time, revenue and gross profit has grown steadily, basic purchasing power has increased, but it costs a lot to run campaigns and maintain. Basic promotions.
3/ Booming period: Revenue and gross profit grew significantly (> 20%).
4/ Should we track the product life cycle year by year?.
Do you have any suggestions?. Thank you.

[@DigitalELearning]

Thanks for your feedback

[@shurekhadahal2285]

Well explained

[@DigitalELearning]

Thanks 😊

[@stelingtonumiong5575]

🤝🤝🤝👏👍

[@DigitalELearning]

Thanks 😎

[@sumaiyasana424]

How I pod comes under maturity stage, as it should comes under the decline phase isn't that?

[@DigitalELearning]

It's actually in between these two stages at the moment

[@baikannikitha1897]

woow nice explain

[@DigitalELearning]

Thanks Nikitha 😊