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Product Life Cycle

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What are the four stages in a Product Life Cycle? Give an example of a brand in the supermarket which is in each stage, and explain why you think it is in that stage.

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The four stages in a product life cycle are: Innovation, Growth, Maturity, and Decline.

1. Innovation and market introduction stage:
3D TV: 3D TV's are currently in the introduction stage because they are just entered the market and not many people have acquired them.

2. Growth stage:
Smart phones: Smart phones are in growth stage because more and more people are acquiring this product. People are now using smart phones to access information on the internet more than they are using ...

Solution Summary

What are the four stages in a Product Life Cycle are determined.

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