Product life cycle - National 5 Business management Revision

Key Points · A product life cycle consists of four stages: Introduction, Growth, Maturity, and Decline · Business owners must carefully tend to

Strategies For Expanding Product Lifespan · Add New Features and Services · Revitalize Your Brand Packaging · Identify New Market Segments · Create Bold

product life cycle Growth Stage of Product Life Cycle If a product has survived the introduction stage, meaning that consumers liked it and the company could keep producing

life quotes Product Life Cycle · Introduction Stage This stage involves introducing a new previously unknown product · Growth State